RJF - Raymond James client AUA rises 4% M/M on market gains added advisors

Raymond James Financial (RJF) reports record client assets under administration of $945.2B for August, up 4% from July and 15% from a year ago.Increase of client assets were driven by equity market appreciation and the net addition of Private Client Group financial advisors.Financial AUM of $155.6B, also a record, rose 3% M/M and 9% Y/Y.Net loans at Raymond James Bank of $21.0B declined 1% M/M and increased 1% Y/Y.Record clients' domestic cash sweep balances of $53.5B increased 3% M/M and 43% Y/Y.Previously: Raymond James client AUA nears $1T at July-end (Aug. 19)

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Raymond James client AUA rises 4% M/M on market gains, added advisors