other material
confidence high
sentiment neutral
materiality 0.35
Raymond James April 2024 client assets under administration up 13% YoY to $1.41T
RAYMOND JAMES FINANCIAL INC
- Client assets under administration $1,409.5B, +13% YoY, -3% MoM due to market declines.
- Private Client Group assets under administration $1,350.2B (+13% YoY, -3% MoM).
- Private Client Group fee-based accounts $776.6B (+16% YoY, -3% MoM).
- Clients' domestic cash sweep & ESP balances $56.4B (+8% YoY, -3% MoM) due to fees/taxes.
- CEO: investment banking pipeline healthy but closing timing unpredictable.