Raymond James Financial Inc.’s top executive believes the movement of financial advisors from wirehouses to independent channels to be “stabilizing” after a wild 2009.

“I don’t think we are going to be, as an industry, seeing the kind of movement in terms of advisors that we saw last year,” Thomas A. James, the St. Petersburg, Fla., company’s chairman and chief executive officer said during the company’s quarterly earnings conference call on Thursday. “We need more trainees in the system and that would require us to ramp up on our current activity levels there.”

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