New York Life is planning to recruit over 3,700 financial professionals in 2012 to serve ethnic markets.

The agency will hire both women and individuals who will serve ethnic markets and an additional recruitment focus for 2012 will be men and women switching to the workforce from the military.

New York Life vice president in charge of field recruiting Rich Simonetti said the company has seen unprecedented growth in its field force each year for the past six years.

"New York Life is pleased to offer a career that allows an individual to grow and advance – whether that means expanding their practice or moving into a management position," Simonetti added.

New York Life’s subsidiary and Registered Investment Advisory Eagle Strategies is planning a 50% rise in the number of advisors in the network by 2015, or 500 new advisors, making a total of 1,500 employees.