---
schema_version: "secwatch.filing_event.v1"
accession: "0000720005-25-000097"
form_type: "8-K"
ticker: "RJF"
cik: "0000720005"
company_name: "RAYMOND JAMES FINANCIAL INC"
filed_at: "2025-12-17T23:59:59+00:00"
generated_at: "2026-05-16T12:58:33.581153+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Raymond James Nov 2025: record $1.77T client assets (+10% YoY); IB revenues down ~20% in early Q1

## Summary
- Client assets under administration hit record $1.765T, up 10% YoY and 1% sequentially.
- Private Client Group fee-based accounts rose 15% YoY to $1.03T; financial AUM increased 11% to $279.8B.
- Cash sweep and Enhanced Savings balances of $56.0B declined 3% YoY but rose 1% sequentially.
- CEO notes strong advisor recruiting pipeline; IB revenues for first two months of quarter down ~20% vs prior quarter due to timing.

## SEC filing metadata
- accession: 0000720005-25-000097
- form_type: 8-K
- ticker: RJF
- cik: 0000720005
- company_name: RAYMOND JAMES FINANCIAL INC
- filed_at: 2025-12-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/720005/000072000525000097/0000720005-25-000097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/720005/000072000525000097/rjf-20251217.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000720005-25-000097
- JSON: https://secwatch.observer/filing/0000720005-25-000097.json
- Plain text: https://secwatch.observer/filing/0000720005-25-000097.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.