Kirk Bell has been appointed president of Raymond James' Independent Contractor Division, effective April 1, 2026.
Quiver AI Summary
Raymond James has announced that Kirk Bell will become the president of its Independent Contractor Division (ICD) starting April 1, following the resignation of Shannon Reid. Bell, who has worked with the firm for nearly 26 years, will join the company's Senior Leadership Team and focus on enhancing advisor partnerships and driving growth. PCG President Tash Elwyn praised Bell for his dedication to Raymond James' culture and for his understanding of the independent advisor landscape. Bell expressed his enthusiasm for the new role and his commitment to supporting independent advisors nationwide. Meanwhile, David Sisemore will take on interim leadership of the division until the fiscal year's end before transitioning to a consulting role.
Potential Positives
- Kirk Bell's appointment as president of the Independent Contractor Division signals a commitment to strong leadership and strategic growth, as he brings 26 years of experience and a people-first approach.
- Joining the Senior Leadership Team and the Private Client Group’s Executive Leadership Team enhances Raymond James' leadership structure, potentially boosting organizational synergy and effectiveness.
- Emphasizing a focus on deepening advisor partnerships suggests a proactive strategy to strengthen client relationships and enhance service offerings within the financial advisory space.
Potential Negatives
- Shannon Reid's resignation after nearly two decades might raise concerns about leadership stability within the Independent Contractor Division.
- The need for a new president could signal potential internal challenges or shifts in strategy that may affect advisor partnerships and growth.
FAQ
Who has been named president of Raymond James Financial Services ICD?
Kirk Bell has been named president of the Independent Contractor Division, effective April 1, 2026.
What is Kirk Bell's experience with Raymond James?
Kirk Bell has nearly 26 years of experience with Raymond James, emphasizing a people-first approach to leadership.
What will Kirk Bell focus on as president of ICD?
Bell will focus on deepening advisor partnerships and strengthening the growth trajectory of the Independent Contractor Division.
Who did Kirk Bell succeed as president of ICD?
Kirk Bell succeeds Shannon Reid, who resigned in December 2025 after nearly two decades with the firm.
What is the significance of the Independent Contractor Division at Raymond James?
The Independent Contractor Division is crucial for supporting independent advisors, helping them navigate unique challenges in the financial services industry.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$RJF Insider Trading Activity
$RJF insiders have traded $RJF stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $RJF stock by insiders over the last 6 months:
- PAUL C REILLY (Executive Chair) has made 0 purchases and 3 sales selling 130,687 shares for an estimated $21,321,441.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$RJF Revenue
$RJF had revenues of $3.7B in Q1 2026. This is an increase of 5.6% from the same period in the prior year.
You can track RJF financials on Quiver Quantitative's RJF stock page.
$RJF Hedge Fund Activity
We have seen 412 institutional investors add shares of $RJF stock to their portfolio, and 448 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 4,401,427 shares (-75.8%) from their portfolio in Q4 2025, for an estimated $706,825,161
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 1,385,869 shares (-38.0%) from their portfolio in Q4 2025, for an estimated $222,556,702
- MILLENNIUM MANAGEMENT LLC removed 1,124,253 shares (-79.9%) from their portfolio in Q4 2025, for an estimated $180,543,789
- JPMORGAN CHASE & CO removed 533,228 shares (-9.1%) from their portfolio in Q4 2025, for an estimated $85,631,084
- FIRST TRUST ADVISORS LP added 474,477 shares (+18.3%) to their portfolio in Q4 2025, for an estimated $76,196,261
- BLACKROCK, INC. removed 386,407 shares (-2.7%) from their portfolio in Q4 2025, for an estimated $62,053,100
- WELLINGTON MANAGEMENT GROUP LLP removed 324,551 shares (-3.6%) from their portfolio in Q4 2025, for an estimated $52,119,645
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$RJF Analyst Ratings
Wall Street analysts have issued reports on $RJF in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- JMP Securities issued a "Market Outperform" rating on 10/23/2025
To track analyst ratings and price targets for $RJF, check out Quiver Quantitative's $RJF forecast page.
$RJF Price Targets
Multiple analysts have issued price targets for $RJF recently. We have seen 10 analysts offer price targets for $RJF in the last 6 months, with a median target of $181.5.
Here are some recent targets:
- Bill Katz from TD Cowen set a target price of $187.0 on 01/14/2026
- Michael Cyprys from Morgan Stanley set a target price of $187.0 on 12/22/2025
- Michael Brown from UBS set a target price of $176.0 on 12/11/2025
- Mark McLaughlin from B of A Securities set a target price of $196.0 on 12/10/2025
- Michael Cho from JP Morgan set a target price of $180.0 on 10/23/2025
- Kyle Voigt from Keefe, Bruyette & Woods set a target price of $181.0 on 10/23/2025
- Devin Ryan from JMP Securities set a target price of $190.0 on 10/23/2025
Full Release
St. Petersburg, Fla., March 18, 2026 (GLOBE NEWSWIRE) -- Raymond James today announced that Raymond James Financial Services Independent Contractor Division (ICD) Division Director Kirk Bell has been named president of ICD, effective April 1. In this role, Bell will join Raymond James’ Senior Leadership Team and the Private Client Group’s (PCG) Executive Leadership Team as he leads ICD’s efforts to deepen advisor partnerships and strengthen its growth trajectory.
“Over his nearly 26 years with the firm, Kirk has embodied Raymond James’ culture and values and consistently led from a people-first approach,” said PCG President Tash Elwyn. “He has spent decades helping advisors achieve their goals with a deep understanding of the unique challenges and opportunities that define the independent advisor experience, and I’m confident that under his leadership the business will continue to excel.”
Bell succeeds Shannon Reid, who resigned in December to pursue another opportunity after nearly two decades with the firm.
“Supporting and providing guidance to independent advisors has long been a passion of mine, and I’m honored to be selected as president of ICD,” Bell said. “I look forward to drawing on decades of experience and best practices as I meet advisors and their staff across the country, partner with the firm’s strong leadership teams and work with ICD associates to build on our momentum and continue to be the destination of choice for financial advisors.”
RJFS Interim President and Division Director David Sisemore will resume his divisional leadership role through fiscal year end, then serve in a consulting capacity until realizing his long-term retirement plan in December.
About Raymond James Financial, Inc.
Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. Total client assets are $1.80 trillion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at www.raymondjames.com .
