other_material
confidence high
sentiment positive
materiality 0.60
Raymond James Financial reports record client AUA of $1.80T in January, up 13% YoY
RAYMOND JAMES FINANCIAL INC
- Client assets under administration reached $1.80 trillion, up 13% year-over-year and 2% month-over-month.
- Private Client Group assets under administration rose 14% YoY to $1.74 trillion.
- Fee-based account assets hit $1.06 trillion, up 18% YoY.
- Domestic cash sweep and Enhanced Savings Program balances fell 5% sequentially to $55.0 billion.
- CEO Paul Shoukry cited higher equity markets and strong advisor recruiting pipeline.
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