Raymond James Financial Inc. today said its third-quarter net revenues jumped 35%, largely because of record asset management and related administrative fees and record investment banking revenues during the quarter.

The company reported revenues of $2.47 billion during the fiscal third quarter. That figure also reflects a 4% increase over the preceding quarter. The company’s adjusted quarterly net income was $386 million, or $2.74 per diluted share, it said in a news release.

The St. Petersburg, Fla.-based company achieved record growth in fee-based accounts. It reported client assets under administration of $1.17 trillion, financial assets under management of $191.0 billion, and net loans at Raymond James Bank of $23.9 billion. Private client group assets in fee-based accounts reached $616.7 billion, a 39% increase over last year and 9% over March. And its private client group financial advisors grew in number to 8,413, a net increase of 258 over June and 86 over March, the company said.

The record growth in assets in fee-based accounts is largely driven by equity market appreciation and the net addition of financial advisors, the company noted.

“As we remain focused on retaining and attracting high-quality financial advisors, we experienced a solid net increase in the number of financial advisors during the quarter,” chairman and CEO Paul Reilly said in a statement. “Recruiting activity remains strong across all of our affiliation options, as advisors are attracted to our robust platform and our advisor- and client-focused culture.”

Reilly said financial advisor recruiting and investment banking pipelines remain strong. “We are well positioned heading into the fiscal fourth quarter with records for client assets, the number of financial advisors, financial assets under management, and net loans at Raymond James Bank,” he added.

Also, the company today announced that it’s looking to buy U.K.-based Charles Stanley Group PLC. It said it made an offer of $387 million (a price of £5.15 per share, or £279 million), according to a news release.

The transaction is expected to close in the fourth quarter, subject to U.K. Financial Conduct Authority and Charles Stanley shareholder approval, the release said.

The partnership, the release noted, would provide Raymond James with growth opportunity in the U.K., the second-largest English-speaking wealth management market, and offer Raymond James wealth managers affiliation choices through Charles Stanley’s multiple affiliations. The release also noted that “the addition of nearly 200 Charles Stanley wealth managers would greatly accelerate the growth of Raymond James U.K.’s newly launched employee affiliation model while building on its market-leading independent contracting and investment management platform services businesses.”

“We have long admired Charles Stanley’s reputation, heritage and its talented pool of wealth managers and professionals,” Reilly said. “The two firms share a common, and increasingly rare, client-centric approach whereby the primary client relationship is held by the individual wealth managers. We both offer employed and self-employed affiliation models, while Raymond James also provides platform services, enabling the flexibility that wealth managers value.”

Charles Stanley is one of the oldest firms on the London Stock Exchange. It provides holistic wealth management services to private clients, charities, trusts and institutions, and has a national presence, with 26 locations and more than 800 professionals.