10.14.24

Raymond James, Hit by Two Hurricanes, Gives Assistance to Workers

by: Emile Hallez

Florida-based Raymond James is providing financial aid to about 5,000 of its associates affected by Hurricanes Milton and Helene, providing those affected by Hurricane Helene with $1,000 stipends, and those who were also hit by Milton an additional $5,000. The aid comes from the Friends of Raymond James nonprofit, which has this month provided more than $500,000 in support in response to 180 emergency requests from employees, covering such things as temporary housing, transportation and groceries. Said CEO Paul Reilly, "Beyond supporting our Raymond James family, we know our communities need us as well. The firm is donating an additional $1 million to disaster response organizations, including the American Red Cross and other local partners, bringing our total community partner donations for the two storms to $2.25 million."

Read the full article on InvestmentNews