Raymond James Financial Services Inc.'s four-month-old independent advisers division, officially rolled out last week, is going toe-to-toe with giants such as Fidelity and Schwab in a market that is close to saturated.

Michael J. Di Girolamo, senior vice president and head of advisory services, said the division is offering financial planning, financial planning software, in-house research, trust services, custody services, and clearing services to fee-only advisers. Raymond James Financial Services is the independent broker-dealer subsidiary of the St. Petersburg, Fla.-based holding company Raymond James Financial Inc.

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