Raymond James has best broker recruiting year

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Brokerage and investment bank Raymond James Financial Inc just completed its best broker recruiting year since 2009, the firm reported on Thursday.

Reuters reports that the firm added a net of 68 U.S.-based advisers in the fiscal year ending Sept 30, 2013, bringing the total to 6,265 advisers.

Actual recruitment was far higher, but many new hires were offset by brokers retiring and moving to other firms, said Paul Shoukry, Raymond James' vice president of finance and investor relations.

'Just looking at the net addition of 68 advisors really understates the growth we had in the year,' Shoukry said in an email to Reuters.

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Raymond James reports strongest recruiting year since 2009

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