RJF - Raymond James Financial provides January 2021 update clients assets increase 15% Y/Y

Raymond James Financial (RJF) record client asset under administration reaching $1.03T, increasing 15% from January 2020.Financial AUM of $168.8B, up 11% over January 2020.The growth in client assets was primarily driven by market appreciation and the net addition of financial advisors in the Private Client Group..CEO Paul Reily comments: “Financial advisor retention and recruiting momentum remain solid across all of our affiliation options. Institutional fixed income and M&A activity continues to be strong.”Net loans at Raymond James Bank of $21.8B, increased 3% over January 2020 and declined 1% compared to December 2020.Record clients’ domestic cash sweep balances of $63.4B increased 66% over January 2020 and 3% over December 2020.Source

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Raymond James Financial provides January 2021 update, clients assets increase 15% Y/Y