Paving the way in more ways than one
With clients’ wealth expanding faster than new financial advisors are joining the industry, our firm is committed to effectively managing the wealth entrusted to our advisors while upholding exceptional standards of service and care to guide our clients’ financial futures.
Raymond James is stepping up to address this challenge head-on.
With the largest intergenerational wealth transfer in history underway, Raymond James recognizes the need to attract more advisors and to equip them to serve their clients with care and attention to detail. In addition to talent acquisition efforts across college campuses to bolster the advisor workforce, the firm is implementing measures to share its values with new advisors from a variety of professional backgrounds, ensuring they have the tools and confidence to succeed.
The Raymond James Advisor Mastery Program (AMP) gives real-world experience to the next generation of advisors so they can hit the ground running. This empowers them to serve their clients and hit the ground running by the end of AMPs 24-month duration. Their success is evident, with six of the 15 Raymond James advisors named to the 2025 Financial Planning top 40 under 40 regional brokers* list having launched their careers with AMP.
“Financial advisors play a crucial role in the world today,” says Vice President of New Financial Advisor Development Matt Ransom. “By thinking creatively, Raymond James has built a culture where new advisors can thrive. The AMP program teaches advisors from the very beginning of their careers that their role is first and foremost about people and building relationships with those they serve.”
As next-generation advisors are currently outnumbered by those retiring, they face the challenge of keeping up with demand and increasing their capacity to serve clients. That’s why Raymond James leadership is committed to leveraging the latest industry-leading technology, resulting in the firm’s recent ranking on Fortune’s Most Innovative Companies** list.
The firm invests $975 million annually in technology, in part to ensure the strategic application of artificial intelligence (AI) and there’s an emphasis placed on finding ways to encourage newer advisors to implement it into their practices. As more advisors enter the industry in the age of AI and leverage its potential, the possibilities are poised to grow exponentially.
Private Client Group President Tash Elwyn is one of the executives leading this charge. “At Raymond James, we believe the cornerstone of exceptional financial advisory services lies in the continuous training and recruitment of client-centric financial advisors,” he said. “By investing in the development of Raymond James-affiliated advisors, we ensure they possess the knowledge and skills necessary to help their clients navigate the complexities of the financial landscape. Furthermore, the integration of advanced technology and AI empowers our advisors to serve more clients more efficiently, providing personalized and insightful financial strategies. This combination of human expertise and technological innovation enables advisors to deliver exceptional value to their clients."
Raymond James continues to make investments today that align with the firm’s long-term vision, taking steps to prepare the next generation of advisors for the challenges and opportunities of the next generation’s wealth.
* Each year Financial Planning ranks the highest-producing advisors in wealth management who are under 40. Over 370 candidates were considered and 40 were chosen to receive each list: the Top 40 Advisors Under 40 and the Top 40 Regional Advisors Under 40. Nominees for the rankings were 39 or younger as of Dec. 31, 2024, and were an employee working as a registered broker at a U.S. broker-dealer. Nominees must also have an acceptable compliance record, their T-12 production should be at least $1M, and custody of assets must be with the nominee’s firm of employment. Nominees’ information was confirmed with their employers. Production and AUM figures are as of Sept. 30, 2024. Time period upon which the rating is based is from Oct. 1, 2023, to Sept. 30, 2024, and was released on 2/18/2025. The ranking may not be representative of any one client’s experience, is not an endorsement, and is not indicative of an advisor’s future performance. Neither Raymond James nor any of its Financial Advisors pay a fee in exchange for this award/rating. Financial Planning is not affiliated with Raymond James. Please visit https://www.financial-planning.com/list/the-top-40-regional-brokers-under-40-in-2025 more info.
** Fortune collaborated with Statista on the ranking of America’s Most Innovative Companies built on three pillars: product innovation, process innovation and innovation culture. Employee surveys from over 45,000 respondents were used to evaluate innovation culture and the internal view of process innovation. An external panel of 2500 experts were used to provide over 8000 opinions on product innovation and the external view of process innovation. Methodology uses a scale system for each pillar with each pillar weighted equally. More than 45,000 US based companies with at least 500 employees were evaluated along with several hundred smaller companies that appeared to be vibrant and innovative. Out of more than 45,000 nominations considered, 300 won the award. The rating is based on calendar year 2024 and was released on 3/26/2025. This ranking may not be representative of any one client's experience, is not an endorsement, and is not indicative of future performance. Neither Raymond James nor any of its Financial Advisors pay a fee in exchange for this award/rating. Compensation provided for using the rating. Raymond James is not affiliated with Fortune or Statista.