07.23.26

Raymond James on Track To Top Advisor Recruiting Record

by: Grace L. Williams

Raymond James reported record assets under administration of $1.92 trillion and continued strong advisor recruitment, with CEO Paul Shoukry saying the firm is on pace to surpass its record recruiting results from fiscal 2025. During the first nine months of the fiscal year, the firm recruited advisors representing $393 million in annual production and more than $56 billion in client assets, while completing its acquisition of Clark Capital. Raymond James also highlighted ongoing investments in technology, including a $1.1 billion annual technology budget and the rollout of its proprietary AI assistant, Raimond, which is designed to help advisors access institutional knowledge while supporting, rather than replacing, client relationships.

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