Raymond James CEO Paul Reilly is set to retire in February. In his last full year, he received approximately $23 million in total compensation, which was a 34% decrease from the previous year.

Reilly's 2024 pay package consisted of a $750,000 salary, $11.65 million in cash bonuses, nearly $10.5 million in stock awards, and $134,347 in other compensation. The payout ratio for his compensation was 194 to 1 compared to the median employee salary of $119,044.

Reilly's contributions were highlighted in the firm's proxy statement. These contributions included a 28% increase in assets under management in the private client group, reaching $875 billion by the end of the fiscal year on September 30. Additionally, assets under administration rose by 25% to $1.51 trillion, and the firm successfully recruited advisors who generated $335 million in revenue over the past year.