RJF - Raymond James client AUA rise 4% in October to record $1.23T
Raymond James Financial (NYSE:RJF) client assets under administration at Oct. 31, 2021 of $1.23T, rises 4% from September, reaching a record level. The increase was driven by equity market appreciation an the net addition of financial advisors in the Private Client Group. Financial assets under management also rose 4% M/M to a record of $199.3B. “Financial advisor recruiting activity is robust across our multiple affiliation options,” said Chairman and CEO Paul Reilly. “Additionally, investment banking pipelines remain strong.” Raymond James Bank net loans of $25.4B increased 2% from the prior month. Clients' domestic cash sweep balances were flat from September at ~$66.8B. SA contributor The Value Pendulum is keeping an eye on Raymond James' (RJF) recruitment activity and net interest margin.
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Raymond James client AUA rise 4% in October to record $1.23T