other material
confidence high
sentiment positive
materiality 0.55
Raymond James reports record client assets of $1.54T in August, up 19% YoY
RAYMOND JAMES FINANCIAL INC
- Client assets under administration grew to record $1.54T, up 19% YoY and 2% MoM.
- Private Client Group fee-based accounts rose 22% YoY to $860.2B.
- Cash sweep and ESP balances were $56.3B, down 2% YoY but up 1% MoM.
- CEO cites strong advisor retention, recruiting, and equity market appreciation.
- Investment banking pipeline healthy but timing of closings uncertain.