Raymond James Keeps Poaching Advisors From Wall Street's Biggest Firms. Here's Why That Matters for the Stock.

Raymond James is growing its financial advisor base at a 2% annual rate, with each new advisor bringing established client relationships and significant assets. The company's assets under administration reached $1.9 trillion by May 2026, with 60% in fee-based accounts generating recurring revenue. While strong recruitment and market conditions support solid earnings, the stock trades near five-year average valuations, making it better suited for long-term investors willing to wait for a market downturn.