Raymond James Financial Reports October 2021 Operating Data

Rhea-AI Summary

Raymond James Financial, Inc. (NYSE: RJF) reported record operating data for October 2021, highlighting significant growth across multiple segments. Client assets under administration reached $1.23 trillion, a 33% increase from October 2020, while financial assets under management hit $199.3 billion, up 32%. The firm also noted an increase in net loans to $25.4 billion, an 18% rise year-over-year. Growth was attributed to market appreciation and a strong recruitment drive for financial advisors. Cash sweep balances stood at $66.8 billion, reflecting a 17% increase from the previous year.

Positive

• Client assets under administration rose to $1.23 trillion, up 33% YoY.
• Financial assets under management increased to $199.3 billion, up 32% YoY.
• Net loans at Raymond James Bank reached $25.4 billion, an 18% increase YoY.
• Record clients’ cash sweep balances at $66.8 billion, rising 17% YoY.

Negative

• None.

ST. PETERSBURG, Fla., Nov. 23, 2021 (GLOBE NEWSWIRE) -- Raymond James Financial, Inc. (NYSE: RJF) today reported selected operating data for October 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 $1.23 trillion increased 33% over October 2020 and 4% over September 2021. Record financial assets under management of $199.3 billion increased 32% over October 2020 and 4% over September 2021. The increase of client assets was driven by equity market appreciation and the net addition of financial advisors in the Private Client Group.

“Financial advisor recruiting activity is robust across our multiple affiliation options,” said Chairman and CEO Paul Reilly. “Additionally, investment banking pipelines remain strong.”

Record net loans at Raymond James Bank of $25.4 billion increased 18% over October 2020 and 2% over September 2021.

Record clients’ domestic cash sweep balances of $66.8 billion increased 17% over October 2020 and were flat compared to September 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 8,500 financial advisors.  Total client assets are $1.23 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
		October 31, 2021				October 31, 2020				September 30, 2021				October 31, 2020		September 30, 2021
Client assets under administration		$	1,230.4			$	922.6			$	1,178.7			33%		4%
Private Client Group assets under administration		$	1,173.8			$	874.7			$	1,115.4			34%		5%
Private Client Group assets in fee-based accounts		$	658.5			$	471.1			$	627.1			40%		5%
Financial assets under management		$	199.3			$	151.0			$	191.9			32%		4%
Raymond James Bank loans, net		$	25.4			$	21.6			$	25.0			18%		2%
Clients’ domestic cash sweep balances		$	66.8			$	57.0			$	66.7			17%		—%

FAQ

What are the latest client assets under administration for Raymond James Financial (RJF)?

As of October 2021, client assets under administration reached $1.23 trillion, a 33% increase from October 2020.

How much did Raymond James Financial (RJF) report in financial assets under management?

The financial assets under management for Raymond James Financial as of October 2021 are $199.3 billion, which is a 32% increase year-over-year.

What is the status of loans at Raymond James Bank (RJF) as of October 2021?

The net loans at Raymond James Bank totaled $25.4 billion, representing an 18% year-over-year increase.

How did Raymond James Financial (RJF) perform in terms of cash sweep balances?

The company reported record clients’ domestic cash sweep balances of $66.8 billion, which is up 17% from October 2020.