Raymond James Financial

The combined AUM of the top 10 companies has soared by 60% to more than $770 billion over the past five years.

The independent broker-dealer has seen significant growth in the last three years.

The St. Louis-based firm is looking to hire advisors from wirehouses, says head of recruitment John Pierce.

One team set up an independent practice while the other signed on with the firm’s employee broker-dealer.

The firm agreed to “remove language that formed the basis of the alleged misrepresentations."

Recent lawsuits highlight the unpredictable nature of litigation in a post-Broker Protocol world.

The fast-growing firm now has more than 100 brokers.

The recruits also opened a new branch for the regional BD.

One advisor has more than three decades of experience in the business.

Despite a great year, firms don't see fit to rest on their laurels. Instead, they're preparing and adjusting to falling traditional revenue and rising expenses.

This interactive tool provides the full collection of data from Financial Planning's 34th annual study of the largest firms in the space.

The majority of the top 25 firms boosted their business by double digits in 2018, and five of them reeled in more than 20% growth.

The team joins Raymond James’ burgeoning brokerage ranks, which recently hit 7,862 independent and employee advisors.

While the wirehouse has suffered from advisor attrition, the regional BD has grown its brokerage ranks.

The win follows a first-quarter report showing it grew its ranks 3.4% over the prior year.

The advisors are the latest in a string to jump from a wirehouse to a regional BD.