Raymond James reports August client assets under administration $1.69T

“Record client assets under administration of $1.69 trillion grew 10% year-over-year and 2% over the preceding month primarily driven by higher equity markets and net asset inflows,” said CEO Paul Shoukry. “Advisor recruiting remains strong. Clients’ domestic cash sweep and Enhanced Savings Program balances of $54.2 billion declined 4% year-over-year and 1% sequentially. The investment banking pipeline continues to be robust.”