Raymond James Financial reported a sharp acceleration in advisor recruitment during its third fiscal quarter, citing record growth in its pipeline and a spike in interest from larger advisory teams, according to Financial Planning.

To meet the demand, the firm has ramped up its internal recruiting infrastructure, investing heavily in both recruiters and transition teams.

Although Raymond James stopped reporting quarterly advisor headcounts in January, its most recent figures from October 2024 listed 8,787 advisors—3,826 as employees and 4,961 as independent contractors -- according to Financial Planning.

The surge in recruiting comes as market volatility continues to prompt advisor movement across the industry. Financial Planning reports that Raymond James previously indicated that this kind of disruption often can drive positive momentum in advisor acquisition.

Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.