Raymond James Financial Reports November 2021 Operating Data

Rhea-AI Summary

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.

Positive

• Client assets under administration increased by 23% year-over-year.
• Private Client Group assets under administration rose by 23% year-over-year.
• Financial assets under management grew by 20% year-over-year.
• Strong retention and recruiting activity reported.

Negative

• Client assets under administration decreased by 1% compared to October 2021.
• Private Client Group assets under administration decreased by 1% compared to October 2021.
• Financial assets under management decreased by 1% compared to October 2021.

ST. PETERSBURG, Fla., Dec. 22, 2021 (GLOBE NEWSWIRE) -- Raymond James Financial, Inc. (NYSE: RJF) today reported selected operating data for November 2021, in an effort to provide timely information to investors about monthly developments in certain key performance metrics. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed.

“Our client-first culture and industry-leading technology offerings continue to resonate with financial advisors, leading to strong retention and recruiting activity across our multiple affiliation options,” said Chairman and CEO Paul Reilly. “Additionally, investment banking activity remains robust.”

  

Selected Key Metrics

$ in billions		As of												% change from
		November 30, 2021				November 30, 2020				October 31, 2021				November 30, 2020		October 31, 2021
Client assets under administration		$	1,220.3			$	993.3			$	1,230.4			23%		(1)%
Private Client Group assets under administration		$	1,162.7			$	943.4			$	1,173.8			23%		(1)%
Private Client Group assets in fee-based accounts		$	653.9			$	512.5			$	658.5			28%		(1)%
Financial assets under management		$	196.4			$	163.8			$	199.3			20%		(1)%
Raymond James Bank loans, net		$	25.7			$	21.6			$	25.4			19%		1%
Clients’ domestic cash sweep balances		$	68.4			$	58.8			$	66.8			16%		2%

 

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 8,500 financial advisors. Total client assets are $1.22 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.

FAQ

What were the client assets under administration for RJF in November 2021?

RJF reported client assets under administration of $1,220.3 billion in November 2021.

How much did RJF's private client group assets increase year-over-year in November 2021?

Private Client Group assets increased by 23% year-over-year to $1,162.7 billion.

Did RJF experience any declines in assets under management compared to October 2021?

Yes, RJF's client assets under administration, private client group assets, and financial assets under management all decreased by 1% compared to October 2021.

What growth did RJF experience in financial assets under management in November 2021?

Financial assets under management grew by 20% year-over-year to $196.4 billion.

Is RJF's investment banking activity strong as of November 2021?

Yes, the press release indicates that investment banking activity remains robust.