Recognized as one of BC's Top Employers (2019):
By Richard Yerema and Kristina Leung, Mediacorp Canada Inc. staff editors (Feb 21, 2019)
Here are some of the reasons why Raymond James Ltd. was selected as one of BC's Top Employers (2019):
- In addition to a national business conference and a variety of in-house training initiatives, Raymond James supports ongoing employee development with tuition subsidies for courses related (to $1,500 annually) and not directly related to their current position (to $1,000 annually)
- Raymond James starts new employees with 3.6 weeks (or 18 days) of paid vacation, moving to 4 weeks after only 3 years on the job -- longer serving employees can also apply for an unpaid leave of absence (up to 1 year in duration)
- Raymond James' employees reach out to the community and volunteer with their chosen local initiatives as part of the annual "Raymond James Cares Month" program every May -- over 75 organizations received support last year with employees receiving paid time off to volunteer, as well as generous matching charitable donations ranging up to $2,000
Relationships drive the culture at Raymond James
Seth Allen likes to say that his first passion is working in the investment business and helping his clients manage the complexities of their wealth. His second passion is the volunteer work he does both professionally and for charities. While that may not conform to a stereotype of those involved in the investment business, fortunately for Allen, senior vice-president and portfolio manager at Raymond James Ltd., his company is equally passionate about both.
?Not only is Allen in the top 50 financial advisors for Raymond James worldwide, but he is fully supported in his many charitable endeavours, whether that's helping students at Simon Fraser University learn how to manage a real endowment fund or in his capacity as a director of the B.C. Prostate Cancer Foundation. "Where Raymond James really shines is in the amount of focus they put on giving back to the community and on charitable giving," says Allen, adding that the company has been lead sponsor of the foundation's annual Father's Day Walk Run for the past four years, which has raised more than $1.5 million.
Raymond James Ltd., the Canadian subsidiary of Raymond James Financial, Inc., supports as many as 500 charities a year - since 2012, it's given over $11.2 million to 2,000 charities. "We're not directive," says Deborah Best, vice-president of human resources. "It's very much about where our associates' desires are. That's what drives us."
In fact, the whole culture is relationship driven. Senior executives regularly visit all offices across the country, and they treat their advisors as if they were their clients. "By hearing people, it tells everyone they're respected and valued," Best says. "Our whole culture is based on if we truly put the client first, the growth of the business will happen naturally."
That support from the top is felt in many different ways. Raymond James gives its advisors the tools they need to grow their business, whether that's in the form of new technology, benefit plans, professional development opportunities, or mental and physical health and wellness programs.
"When you read the research on quality of life and happiness, the one thing that leads to longer, healthier, happier lives is quality of relationships," says Allen. "Raymond James does create a culture, not just among employees but also with clients, that is about having relationships that make you feel good about your job, and that ultimately benefits the clients."