Raymond James may not be the biggest independent broker-dealer in the country, but it's trying to close the gap -- at least on some fronts.

LPL Financial, the perennial No. 1 on Financial Planning's FP50 ranking, has more than twice the number of advisors as Raymond James’ Private Client Group. However, Raymond James had almost as many assets under administration at the end of last year, with $423 billion versus the $438 billion that LPL reported last week.

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