Raymond James Financial Records 19% Asset Growth

Raymond James Financial ( (RJF) ) has provided an update.

Raymond James Financial, Inc., a diversified financial services firm, has reported a significant growth in its operating data for August 2024. With a record $1.54 trillion in client assets under administration, marking a 19% increase from the previous year, the company attributes this success to strong advisor retention and recruiting, equity market appreciation, and a rise in domestic cash sweep and Enhanced Savings Program balances. Although their investment banking pipeline remains healthy, the exact timing of future closings is still uncertain.

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