other_material
confidence high
sentiment positive
materiality 0.55
Raymond James reports record client AUA of $1.75T in October, up 13% YoY
RAYMOND JAMES FINANCIAL INC
- Client assets under administration hit $1.75T, up 13% YoY and 1% sequentially.
- Private Client Group fee-based accounts reached $1.02T, up 19% YoY.
- Financial assets under management rose 15% YoY to $276.7B.
- Domestic cash sweep & Enhanced Savings balances fell 4% YoY to $55.5B.
- Bank loans grew 12% YoY to $51.8B; advisor recruiting and IB pipelines remain strong.
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