Raymond James is putting serious money behind its recruiting push. The firm has grown its recruiting loan balances nearly 20 percent over the past year to $1.54 billion, a clear signal that leadership is serious about attracting top producers. CEO Paul Shoukry has described the firm’s recruiting pipeline as “robust” and accelerating at a pace not seen since the post-2008 environment.
That investment is already producing results. In just the first few weeks of July, Raymond James brought on 10 high-profile advisors and teams representing more than $4 billion in client assets. These were not small additions. The list includes a billion-dollar team in New York, a $750 million advisor in Georgia, a $400 million advisor and a $270 million family team in California, and multi-hundred-million-dollar practices in Florida, Texas, Utah, and Buffalo, New York.
Geographically diverse and strategically targeted, these moves show that Raymond James is winning recruits from wirehouses, regionals, and independents alike. The firm is combining aggressive upfront packages with its reputation for advisor support, technology, and flexibility, creating a compelling case for teams looking to make a change.
Meanwhile, competitors are moving at a slower pace. Stifel’s recruiting spend is flat year over year, and both Ameriprise and LPL are managing executive transitions that may be slowing their momentum. This gives Raymond James a clear window to keep adding talent and building market share.
For advisors considering their next move, the message is simple. There is capital on the table, deals are being done, and Raymond James has the infrastructure to support growth. If you have been thinking about exploring your options, now could be the right time to start the conversation.
Your next move deserves careful planning and expert guidance. 3xEquity connects you with multiple broker-dealer offers, lays out every detail for comparison, and walks you through the process from first call to final signature. Our goal is simple: find your best fit and maximize your transition package. Get started now.
