Raymond James ended the first quarter of 2026 with 9,076 financial advisors, up from 8,372 five years earlier, a roughly 2% annual compound growth rate. The firm reported its second highest quarterly result ever in terms of recruited production and assets, with 12-month production of $141 million and nearly $21 billion of client assets. Total assets under administration reached nearly $1.9 trillion by the end of May, with around 60% in fee-based accounts that generate recurring, annuity-like fees. The company is expected to report solid third-quarter earnings on July 22, though its price-to-earnings ratio is slightly above its five-year average, leading value investors to consider waiting for a market downturn before buying the stock.
Raymond James Financial Inc.Strong advisor recruitment and asset growth, with expected solid Q3 earnings.