other material
confidence high
sentiment positive
materiality 0.60
Raymond James reports May client AUA up 18% YoY to $1.45T; fee-based assets up 21%
RAYMOND JAMES FINANCIAL INC
- Client assets under administration $1,451.4B, up 18% YoY and 3% from April.
- Private Client Group fee-based accounts $804.8B, up 21% YoY and 4% month-over-month.
- Financial assets under management $226.0B, up 17% YoY, driven by market appreciation and advisor recruiting.
- Domestic cash sweep and Enhanced Savings balances $56.2B, nearly flat vs. April, down 2% YoY.
- CEO Paul Reilly highlights healthy investment banking pipeline but uncertain closing timing.