The firm - operating in the US, Canada, and various international locations - continues like its peers to jump into the AI trend.

Florida-headquartered Raymond James has appointed David Solganik as head of AI strategy, a newly-created role which follows Stuart Feld’s promotion to chief AI officer earlier this year. Solganik reports to Feld, the firm said in a statement this week.

Such moves highlight how – as discussed here – AI is a central technology priority for many wealth management firms worldwide.

“While we believe personal relationships will always be at the heart of our business, Raymond James has a multi-year commitment to embed AI into tools and applications across the firm,” CEO Paul Shoukry said. “We will continue to make meaningful investments in AI as part of our $975 million annual technology budget.” 

Solganik will help shape the firm’s AI strategy by identifying cross-business opportunities where advanced analytics, machine learning, and generative AI can drive growth and elevate the client experience, the firm said. 

The business reported its second-quarter 2025 financial results here. As regularly seen in these pages, the firm adds teams of wealth advisors to its advisor channels.

AI use cases continue to proliferate. This news service spoke in April to Vestmark about how it employs this technology, to give an example. 

 AI capabilities include credit scoring and risk assessment; fraud detection and prevention; chatbots and virtual assistants; personalized banking and financial planning; algorithmic trading; customer relationship management; regulatory compliance; robo-advisors; and natural language processing (NLP).