Raymond James Reports Record Client Assets of $1.97 Trillion
Raymond James Financial (RJF) reported record client assets under administration reaching $1.97 trillion as of August, reflecting a year-over-year increase of 16% and a monthly rise of 2%. The growth was attributed to higher equity markets and net asset inflows into the firm's services. The Private Client Group segment saw its assets under administration grow by 17% annually to $1.90 trillion, highlighting strong performance in wealth management offerings. This milestone underscores Raymond James' expanding market presence amid favorable financial conditions for investment firms.
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Topics: assets under administration financial performance Raymond James Financial