“Joining Raymond James is one of the best decisions I’ve made,” said Teed, in a statement. “I was looking for a brokerage-focused firm with a reputation for putting clients first. Raymond James offers me the support and freedom to make recommendations based solely on my clients’ best interests.”
Raymond James, which announced its most-recent quarterly earnings on Wednesday, is led by Paul Reilly (left). As part of its earnings release, the company said the number of prospective experienced financial advisors visiting the firm’s home office in St. Petersburg, Fla., “continues to pick up for both the employee and independent-contractor divisions.”
As of Sept. 30, Raymond James has 6,330 advisors vs. 5,350 a year ago and 6,367 in the earlier quarter. It has 5,452 in the United States, while the rest are in Canada and the United Kingdom; this figure is up from 4,504 last year and down 37 reps from about 5,489 in the earlier period.