Raymond James - RJF STOCK NEWS

On April 13, 2022, Steward Partners Global Advisory announced that 15 of its advisors were recognized in the Forbes 2022 Best-In-State Wealth Advisors list. This accolade demonstrates the firm's significant growth and the quality of its advisory team. The ranking included over 6,000 advisors evaluated on various criteria. Doug Kentfield, President of Steward Partners, emphasized the firm's expanding partner network and the excellence of its advisors. The firm's achievements highlight its commitment to serving clients effectively and growing its assets under management.

Raymond James Financial (NYSE: RJF) has announced its acquisition of SumRidge Partners, a leading technology-driven fixed income market maker specializing in corporate bonds and municipal securities. This acquisition aims to enhance Raymond James' Fixed Income Capital Markets division by integrating advanced trading technologies and risk management tools. SumRidge, established in 2010 with around 45 employees, will operate independently under its co-founders, aiming to leverage combined strengths for competitive advantage in the marketplace.

Raymond James Financial, Inc. (NYSE: RJF) reported key operating metrics for February 2022, revealing client assets under administration reached $1.238 trillion, a 17% increase year-over-year. Private Client Group assets also grew 17% to $1.180 trillion. However, investment banking revenues saw a decline due to macroeconomic uncertainties. Despite a strong M&A pipeline, the outlook remains cautious as client assets in fee-based accounts showed a slight decline of 1% compared to January. Overall, total client assets stood at $1.24 trillion, reflecting substantial growth.

Steward Partners Global Advisory welcomes Ramapo Wealth Advisors, a firm managing $600 million in client assets, based in Ramsey, New Jersey. The five-person team, comprising former Wells Fargo advisors, is joining through Steward's affiliate option, ensuring access to technology and services. James Sahagian, Managing Director at Ramapo, highlights improved client solutions and alignment with Steward's independent model. This addition expands Steward's network to 30 branches across 16 states and the District of Columbia, enhancing client service capabilities.

On February 25, 2022, Raymond James Financial (NYSE: RJF) declared a quarterly cash dividend of $0.34 per share, payable on April 18, 2022, to shareholders of record by April 4, 2022. With around 8,700 financial advisors and total client assets of $1.25 trillion, RJF continues to establish itself as a key player in the financial services sector. The firm urges investors to review its forward-looking statements and associated risks, which are documented in its filings with the SEC.

Raymond James Financial, Inc. (NYSE: RJF) reported strong growth in client assets as of January 31, 2022, driven by advisor retention and recruitment, with assets under administration reaching $1,245.4 billion, a 21% increase year-over-year. The recent acquisition of Charles Stanley added nearly $34 billion in client assets. However, investment banking revenues decreased in January following a record fiscal first quarter. The M&A pipeline remains robust despite this decline.

Raymond James Financial, Inc. reported record fiscal Q1 net revenues of $2.78 billion, a 25% increase year-over-year. Net income reached $446 million or $2.10 per diluted share, marking a 43% growth. Key metrics showed client assets under administration at $1.26 trillion and financial assets under management at $203.2 billion. Investment banking revenue surged to a record $425 million, driven by M&A and equity underwriting. The company also announced a 31% dividend increase to $0.34 per share, with a strong outlook for Q2.

Raymond James Financial, Inc. (NYSE: RJF) reported key operating metrics for November 2021, showing strong growth in client assets. Client assets under administration reached $1,220.3 billion, a 23% increase from November 2020. Private Client Group assets also saw a 23% year-over-year growth to $1,162.7 billion. Financial assets under management rose 20% year-over-year to $196.4 billion. The report indicates strong retention and recruiting activity, fueled by a client-first culture and robust investment banking activity.

Raymond James Ltd. CEO Paul Allison will step down on December 31, 2021, transitioning to Executive Chairman, focusing on strategic guidance and client relationships. Jamie Coulter, currently Executive VP of Wealth Management, will succeed him as CEO. Allison, a leader in Raymond James’ growth in Canada, emphasized the firm’s commitment to client service and reputation. The company, which has approximately 8,500 financial advisors and $1.23 trillion in client assets, aims to maintain its growth momentum under Coulter's leadership.