According to the ETF Finder at ETF Channel, RJF and JEC collectively make up 1.42% of the Fundamental Pure Mid Core Portfolio ETF (PXMC) which is relatively unchanged on the day Wednesday.
According to the ETF Finder at ETF Channel, RJF makes up 4.95% of the iShares Dow Jones U.S. Broker-Dealers Index Fund ETF ( AMEX: IAI )which is trading higher by about 0.4% on the day Monday.
There are tens of thousands of brokers working for brokerage firms like Merrill Lynch, Morgan Stanley ( MS), Citigroup ( C) and Raymond James ( RJF), and insurance company salespeople at firms like Met Life ( MET), John Hancock and Prudential ( PRU) that earn their living this way.