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Raymond James & Associates recently introduced a new training program to turn its registered service associates into financial advisors.

The company hopes to build a pipeline of new financial advisors to replace retiring veterans and to further diversify its advisor workforce by drawing more women into its ranks.

The 10 trainees in the year-long program will receive mentoring from members of Raymond James’ Women’s Network Advisory Council as well as an outside business coach to prepare them for an exam to earn an accredited asset management specialist designation.

Though the program is small in size and only 60 days old, Raymond James president, Tash Elwyn, says the firm is intent on growing it.

“We are in our infancy, but we are very excited about this,” he says.

Read what other firms are doing to grow their advisory teams.