In 2009, the firm had a 96% retention rate, excluding anticipated attrition from the integration of three affiliated broker-dealers. It also added a net 750 advisors last year and grew its assets under management to $279.4 billion from $233.9 billion, according to its earnings release. The Hybrid RIA platform, specifically, has grown its assets under custody to $7.3 billion as of Dec. 31, 2009, encompassing 92 RIA firms, since the platform's inception in the fourth quarter of 2008.
Total Advisors Independents Employees
Wells Fargo Advisors 15,000 1,200 13,800
Ameriprise Financial 12,100 9,700 2,400
LPL Financial 12,000 10,000 2,000
Raymond James Financial 4,660 3,400 1,260
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