RJF - Raymond James client AUA slips 1% in February on economic geopolitical uncertainty

Raymond James Financial's (NYSE:RJF) client assets under administration in February fell 1% to $1.23T, as economic and geopolitical uncertainties take hold. “Although our M&A pipeline remains strong, macroeconomic and geopolitical uncertainty have contributed to a decline in investment banking revenues during the first two months of the quarter compared to the first two months of the prior-year quarter and preceding quarter,” said RJF Chair and CEO Paul Reilly. Private client group AUA also slipped 1% to $1.18T in February. Private client group assets in fee-based accounts were $665.0B, down from $673.1B in January. Financial assets under management of $191.5B slid from $194.1B in the previous month. Note that the above metrics include the impact from the acquisition of Charles Stanley Group, which closed on Jan. 21, 2022. The impact on client AUA was $33B and private client group AUA was $34B. At the beginning of March, Raymond James declared a $0.34

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Raymond James client AUA slips 1% in February on economic, geopolitical uncertainty