Raymond James might not carry the same headline-grabbing cachet of Goldman Sachs or JP Morgan Chase, but the wealth management firm boasts that it produces an annual stock-picking list that almost always beats the market by a good margin.
The list, called Raymond James' Analysts' Best Picks, outperformed the S&P 500 by an average of 8.5 percent over the past 10 years, according to calculations from the company. In 2013, the list posted a 44-percent return, compared with the S&P's 29-percent gain. David Henwood, chief investment officer at Raymond James, which oversees $441 billion of client assets, explained to CNBC on Friday how the investment firm zeros in on stock market winners.
"All of our analysts know what they're talking about," Henwood said on "Squawk Box." "The question is, which are the ones that have the investment acumen to pick a name that will clearly deliver the goods?"
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