Raymond James CEO Paul Shoukry stated the firm prioritizes recruiting advisors looking for long-term growth and client relationships over those seeking the highest transition checks, contrasting their strategy with private equity-backed competitors. He highlighted Raymond James’s record recruiting success in 2025, which saw advisors with $460 million in annual revenue join, partly driven by the acquisition of Commonwealth Financial Network by LPL Financial. Shoukry emphasized the importance of scale and technology investment for long-term competitiveness and advisor retention.
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Raymond James CEO not interested in advisors just looking for 'highest check'
Raymond James CEO Paul Shoukry stated the firm prioritizes recruiting advisors looking for long-term growth and client relationships over those seeking the highest transition checks, contrasting their strategy with private equity-backed competitors. He highlighted Raymond James’s record recruiting success in 2025, which saw advisors with $460 million in annual revenue join, partly driven by the acquisition of Commonwealth Financial Network by LPL Financial. Shoukry emphasized the importance of scale and technology investment for long-term competitiveness and advisor retention.