RJ Recruits 750-Plus FAs

“These results continue to reinforce the fact that Raymond James offers an extremely attractive home for top advisors whether they choose to be an employee, an independent contractor, RIA or operate in a bank-based investment program,” says Chet Helck, chief operating officer of Raymond James Financial. “In spite of last year’s extraordinary economic conditions, our client assets under administration grew 13 percent and securities commissions and fees were up 9 percent overall, which we attribute to our recruiting success and fully expect to exceed in 2010.”

Raymond James says it has more than 5,300 financial advisors serving approximately 1.9 million accounts in more than 2,300 locations throughout the United States, Canada and overseas. In addition, total client assets are approximately $223 billion, of which $29 billion are managed by the firm’s asset management subsidiaries.