other_material
confidence high
sentiment neutral
materiality 0.50
Raymond James April 2025: client assets up 9% YoY; cash sweep balances down 4% sequentially
RAYMOND JAMES FINANCIAL INC
- Client assets under administration $1,530.7B, +9% YoY, flat vs March 2025.
- Private Client Group assets under administration $1,469.5B, +9% YoY.
- Fee-based account assets $873.3B, +12% YoY; financial AUM $245.5B, +12% YoY.
- Domestic cash sweep/ESP balances $55.6B, -1% YoY and -4% sequentially due to tax payments and fees.
- CEO cites macroeconomic uncertainty impacting timing of investment banking closings, but pipeline strong.
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