RJF - Raymond James client AUA rises to record in November on equity market gains

Raymond James Financial (RJF) posts record client assets under administration of $993.3B, up 13% Y/Y and 8% M/M, primarily driven by equity market appreciation.Record financial assets under management of $163.8B rose 10% Y/Y and 8% M/M."The investment banking pipeline remains healthy and institutional fixed income activity continues to be strong," said Chairman and CEO Paul Reilly. He notes, though, that the recruiting environment for financial advisers ahs become "increasingly competitive."Net loans at Raymond James Bank of $21.6B rose 3% Y/Y and was unchanged from October 2020.Clients' domestic cash sweep balances of $58.8B also hit a record, rising 58% Y/Y and 3% M/M.Previously: Raymond James October client AUA slips 1% M/M, rises 8% Y/Y

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Raymond James client AUA rises to record in November on equity market gains