Raymond James Financial (RJF) is a bank holding company providing financial services. It operates in five segments: Private Client Group (PCG), Capital Markets, Asset Management, Bank, and Other. The PCG 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 of investments. The Asset Management segment offers asset management, portfolio management, and related administrative services to retail and institutional clients. The Bank segment specializes in banking operations, loans, mortgages, deposit operations, etc. The Other segment includes interest income on corporate cash balances, private equity investments, corporate overhead costs, etc.