other_material
confidence high
sentiment positive
materiality 0.75
Raymond James reports record client assets of $1.87T in Apr, up 22% YoY
RAYMOND JAMES FINANCIAL INC
- Client assets under admin reached record $1.87T, up 22% YoY and 6% sequentially.
- PCG fee-based assets rose 28% YoY to $1.12T; up 7% vs March 2026.
- Domestic cash sweep & Enhanced Savings balances flat YoY at $55.6B, down 4% sequentially.
- Acquisition of Clark Capital Management closed Apr 30; FUM metric excludes its impact.
- CEO cites strong equity markets and net inflows; IB pipeline active but closing timing uncertain.
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