Attached files
| file | filename |
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| 8-K - 8-K - RAYMOND JAMES FINANCIAL INC | rjf-20210825.htm |
| August 25, 2021 | FOR IMMEDIATE RELEASE | |||||||
| Media Contact: Steve Hollister, 727.567.2824 | ||||||||
| Investor Contact: Kristina Waugh, 727.567.7654 | ||||||||
| raymondjames.com/news-and-media/press-releases | ||||||||
RAYMOND JAMES FINANCIAL REPORTS JULY 2021 OPERATING DATA
ST. PETERSBURG, Fla. - Raymond James Financial, Inc. (NYSE: RJF) today reported selected operating data for July 2021, in an effort to provide timely information to investors about general trends in our major business segments. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed.
Record client assets under administration of $1.18 trillion increased 30% over July 2020 and 1% over June 2021. Record financial assets under management of $194.4 billion increased 29% over July 2020 and 2% over June 2021. The growth of client assets was driven by equity market appreciation and the net addition of financial advisors in the Private Client Group.
“Financial advisor retention and recruiting momentum remain strong across our multiple affiliation options,” said Chairman and CEO Paul Reilly. “In the Capital Markets segment, investment banking pipelines are robust but fixed income brokerage activity declined in July.”
Record net loans at Raymond James Bank of $24.5 billion increased 15% over July 2020 and 3% over June 2021.
Clients’ domestic cash sweep balances of $63.0 billion increased 21% over July 2020 and were flat compared to June 2021.
About Raymond James Financial, Inc.
Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has approximately 8,400 financial advisors. Total client assets are $1.18 trillion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at www.raymondjames.com.
| Raymond James Financial, Inc. Selected Key Metrics | |||||||||||||||||||||||||||||
| $ in billions | As of | % change from | ||||||||||||||||||||||||||||||
| July 31, 2021 | July 31, 2020 | June 30, 2021 | July 31, 2020 | June 30, 2021 | ||||||||||||||||||||||||||||
| Client assets under administration | $ | 1,180.4 | $ | 908.2 | $ | 1,165.0 | 30% | 1% | ||||||||||||||||||||||||
| Private Client Group assets under administration | $ | 1,117.7 | $ | 862.8 | $ | 1,102.9 | 30% | 1% | ||||||||||||||||||||||||
| Private Client Group assets in fee-based accounts | $ | 627.3 | $ | 461.4 | $ | 616.7 | 36% | 2% | ||||||||||||||||||||||||
| Financial assets under management | $ | 194.4 | $ | 150.4 | $ | 191.0 | 29% | 2% | ||||||||||||||||||||||||
| Raymond James Bank loans, net | $ | 24.5 | $ | 21.3 | $ | 23.9 | 15% | 3% | ||||||||||||||||||||||||
| Clients’ domestic cash sweep balances | $ | 63.0 | $ | 51.9 | $ | 62.9 | 21% | —% | ||||||||||||||||||||||||