Raymond James reports April-end assets under administration $1.53T

“Client assets under administration increased 9% over the prior year period and were relatively flat compared to the preceding month,” said CEO Paul Shoukry. “Clients’ domestic cash sweep and Enhanced Savings Program balances of $55.6 billion declined 1% year-over-year and 4% sequentially. The decline in April in these balances reflects quarterly fee billings and seasonal tax payments. The timing of investment banking closings has been impacted by macroeconomic uncertainty, although our pipeline remains strong.”