This year Raymond James Investment Advisors Division has recruited more RIA firms and advisors to its custodial platform than ever.  

Recruiting in 2015 for the division was double what it was in 2014, which had been its best year ever, said Bill Van Law, the division's president, at IAD's Wealth Managers Conference in October. In recent months, more than a dozen new firms and their advisors have partnered with Raymond James as their custodian, and several advisors have joined existing custodial clients, he added.

Those firms and advisors collectively managed more than $4 billion in client assets at their prior firms, Van Law said.

The new advisors and RIA firms that are partnering with Raymond James for their custodial services are based in Connecticut, Georgia, Idaho, Kentucky, New York, North Carolina, Oregon, Tennessee, Texas and Washington. 

“The Raymond James RIA division is probably the best-kept secret in the RIA space,” Van Law said. “But through these recent additions, our platform enhancements and telling our growth story, that has been rapidly changing.”