Case Studies

Global Financial Services Leader Bullish on Palo Alto Networks Next Generation Firewalls

Compliance is a constant challenge for financial companies like Raymond James Financial. “It’s very important for us to centralize data and have very strong network-based controls.”

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Raymond James Financial (NYSE-RJF) is a Florida-based diversified holding company providing financial services to individuals, corporations and municipalities through its subsidiary companies. Its four principal wholly owned broker/dealers, Raymond James & Associates,Inc., member New York Stock Exchange/SIPC; Raymond James Financial Services, Inc., member FINRA/SIPC; Morgan Keegan & Co., Inc., member FINRA/SIPC (branded as Raymond James | Morgan Keegan) and Raymond James Ltd., member Investment Industry Regulatory Organization of Canada/CIPF, have over 6,000 financial advisors serving 2 million accounts in over 2,500 locations throughout the United States, Canada and overseas. In addition, total client assets are approximately $375 billion, of which approximately $40 billion are managed by the firm’s asset management subsidiaries. Many Users and Offices, All with Sensitive Information to Protect Not many companies spend nearly a year evaluating every major firewall on the market in a live production environment before choosing a solution, but Raymond James Financial isn’t just any company. Moreover, network security isn’t just another IT concern for the firm either – it is its top priority. Raymond James Financial takes security seriously. It must. In the United States alone, 17,000 users access the company’s network; many from remote branch offices. On top of this, thousands of its financial advisors do business online as well as from nearly 2,500 locations spread around the globe. With clients entrusting it to manage $375 billion in assets, it’s imperative for Raymond James Financial to secure its data.