RJF - Raymond James hits $1.15T AUA a new record

Sitthiphong/iStock via Getty Images Raymond James Financial (RJF) says stock market appreciation and the net addition of advisers in its Private Client Group helped drive growth in client assets last month, according to its May operating data. Paul Reilly, chairman and CEO, says, "across our multiple affiliation options, financial advisor retention and recruiting remain strong." Client assets under administration grew 2% from April and 34% from May 2020 to a record $1.15T; financial assets under management increased 1% M/M and 31% Y/Y to a record $187.5B. Net loans increased 3% M/M  and 11% Y/Y to $23.7B, while clients' domestic cash sweep balances of $62.2B rose 1% from April and 21% from a year ago. Previously, (May 19) Raymond James reports client AUA increase to $1.13T in April.

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Raymond James hits $1.15T AUA, a new record