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In the News

Raymond James introduces channel No. 4, a user-friendly RIA model after its three current channels — IBD, RIA and captive — make negligible net recruiting advances

Posted by Louis Diamond

May 19, 2022
Louis Diamond Quoted
by Lisa Shidler

Raymond James Financial prospects far too often in 2021 checked none-of-the-above on its menu of affiliation channels — IBD, RIA and captive, so it’s added a fourth– a new “RIA” model that is more user-friendly.

But at least one industry recruiter says the channel launch is almost certainly a competitive threat because it conflicts with the Raymond James’s IBD channel.

“It’s definitely competing against the other advisor groups. Every year, the metrics keep changing. Advisors are becoming much more fee-based.” said Louis Diamond.

“It’s a way to retain current independent advisors who no longer have a need for a broker-dealer affiliation. Instead of losing them to the RIA channel, they can stay within Raymond James.” Diamond Continued.

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President – Someone who “looks at every angle from a strategic perspective.” Sophisticated advisors and business owners alike learn quickly that they’ve found the right person in Louis when seeking counsel and clarity on growth, career management and the ever-changing industry landscape. Learn more...

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