Raymond James Financial (RJF) is a bank holding company providing financial services. It operates through five segments: Private Client Group (PGC), Capital Markets, Asset Management, Bank, and Other. The PGC segment provides financial planning, investment advisory, and securities transaction services to clients through financial advisors. The Capital Markets segment conducts investment banking, institutional sales, securities trading, equity research, and investment syndication and management. The Asset Management segment offers asset management, portfolio management, and related administrative services. The Bank segment includes banking operations, loans, mortgages, deposit operations, etc.