RJF - Raymond James Financial provides February update clients assets up 24% Y/Y

Raymond James Financial (RJF) record client asset under administration reaching $1.06T in February 2021, increasing 24% from February 2020 and 3% over previous month.Financial AUM of $173.5B, up 20% over february 2020.The growth in client assets was primarily driven by market appreciation and the net addition of financial advisors in the Private Client Group.Net loans at Raymond James Bank of $22.3B, increased 4% over January 2020 and declined 1% compared to December 2020.Record clients’ domestic cash sweep balances of $62.5B increased 61% over last year.CEO Paul Reily comments: “Our client?focused culture and award?winning technology platform continue to deliver low regrettable attrition and drive solid recruiting momentum across all affiliation options. Additionally, activity levels for fixed income and M&A continue to be strong.”Source

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Raymond James Financial provides February update, clients assets up 24% Y/Y