The Net On Raymond James’ Increased Recruiting

Raymond James Financial recently released the firm’s 2021 fiscal second quarter results. The report shows that the firm saw a significant net increase of new financial advisors — 179 over March 2020 and 84 over December 2020. This brings their total head count to 8,327 financial advisors, a notable increase in comparison to past quarters.

So, what changed to bring about such an increase in new financial advisors? All signs point to the Raymond James transition packages, especially on the independent side of the business. While not traditionally the highest bidder in recruiting wars for talented advisors, the new transition package and advisor-centric culture has made Raymond James an attractive option.

Momentum is growing, and it appears that there’s even more to come over the next quarters. The raised transition assistance is giving Raymond James the recruiting boost they’ve been looking for and the financial boost to compete with other key firms. And while they may not always provide the top dollar compared to some firms, they have the benefits of their culture and values to also bring to the table. 

As we progress through 2021, expect to see Raymond James’ recruiting numbers continue to rise. The firm has been hitting the recruiting trail hard, and the word is they have a number of advisors who have committed to joining them — with even more in their recruiting pipeline. 

Looking to learn more about the Raymond James recruiting package and the other competitive broker-dealer packages out there? We can help. Visit 3xEquity.com today and we will secure you multiple offers from the nation’s top broker-dealers in just a few days. 

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It’s one of the most important—and personal—questions a financial advisor can ask. Whether it’s frustrations with admin fees, limited platform flexibility, or just a gut feeling that you’ve outgrown your current firm, the decision to move shouldn’t be rushed. The right time to leave isn’t just about market timing—it’s about life timing.

If you’re weighing your options, we recommend this quick read: The Best Time for a Move—a blog and podcast episode that walks through key signals it may be time to explore a transition.

There’s no one-size-fits-all answer. Going independent offers more control, higher payouts, and brand autonomy—but with added responsibilities. Wirehouses provide built-in infrastructure, brand recognition, and turnkey support—but often come with more restrictions and fees.

The real question is: Which model makes the most sense for your business goals and lifestyle?

To make a confident decision, you need to understand the economics behind both paths. Start by securing transition offers from top firms—independent and wirehouse—so you can compare side-by-side.

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Our services are 100% free to financial advisors. We don’t charge you a dime. If you decide to make a move, the new firm pays us a finder’s fee—similar to a recruiter. But unlike recruiters, we’re not tied to any one firm, so we work to find your best fit, not theirs.

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