Welcome to our dedicated page for Raymond James news (Ticker: RJF), a resource for investors and traders seeking the latest updates and insights on Raymond James stock.
Raymond James Financial reports developments across a diversified financial services business centered on wealth management, investment banking, asset management and capital markets. Company updates commonly cover Private Client Group results, client assets under administration, fee-based account activity, advisor recruiting and independent contractor channel leadership, alongside bank loans, cash sweep balances and capital returns.
Recurring news also includes quarterly earnings, monthly operating data, common-stock dividends, preferred-stock actions, advisor recognition within Raymond James & Associates, and technology initiatives such as the Rai digital AI operations agent. These items reflect the firm's mix of advisor-led wealth management, banking-related balance sheet activity and institutional financial services.
On December 2, 2021, Raymond James Financial (NYSE: RJF) announced a quarterly cash dividend of $0.34 per share, representing a 31% increase from the previous dividend of $0.26. This dividend will be payable on January 18, 2022, to shareholders of record on January 4, 2022. Additionally, the company authorized a share repurchase program of up to $1 billion, replacing a previous authorization of $750 million. This strategic move allows for flexibility in managing share repurchases without a fixed expiration date.
Raymond James has appointed Robbie Moseley as vice president and head of Advisor Choice Consulting, succeeding Barry Papa. Moseley brings extensive experience from Edward Jones and UBS. Under his leadership, the recruiting team aims to maintain steady growth by offering flexibility and support to financial advisors. Raymond James manages approximately $1.23 trillion in client assets and has around 8,500 financial advisors, emphasizing its client-first culture and robust technology.
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.
Raymond James Financial (NYSE: RJF) reported record financial results for its fiscal fourth quarter ended September 30, 2021. Net revenues reached $2.70 billion, a 30% increase year-over-year, and net income was $429 million, or $2.02 per diluted share. Full fiscal 2021 results showed net revenues of $9.76 billion, marking a 22% growth, with net income surging by 72% to $1.40 billion. The company also highlighted record assets under administration of $1.18 trillion and increased financial advisors to 8,482, signaling strong growth in client engagement and investment banking revenues.
Raymond James Financial (RJF) announced its definitive agreement to acquire TriState Capital Holdings (TSC) in a transaction valued at approximately $1.1 billion. Shareholders of TriState Capital will receive $6.00 in cash and 0.25 shares of Raymond James for each share held, equating to a total of $31.09 per share. The acquisition is expected to enhance Raymond James' growth by leveraging TriState's 32% annual growth in securities-based lending. The deal is projected to be accretive to diluted earnings per share in the first year following completion.
Raymond James has launched a new Alerts Portal designed to enhance the efficiency of financial advisors. This innovative tool consolidates notifications into a customizable dashboard, allowing advisors to manage tasks more effectively. Users can prioritize alerts, collaborate in real-time, and streamline administrative processes, ultimately freeing up more time for client interaction. The portal has received positive feedback from advisors, indicating a significant impact on workflow and productivity. This development underscores Raymond James' ongoing commitment to technology and advisor support.
On September 27, 2021, Alex. Brown, a division of Raymond James, hosted the second Alex. Brown Invitational golf tournament at Manhattan Woods Golf Club, celebrating its 220-year partnership with clients. The event drew over 70 attendees and supported PGA REACH, a charitable foundation aimed at positively impacting youth and diverse populations through golf. President Haig Ariyan emphasized the firm's commitment to premier wealth management and community support.
For more details, visit alexbrown.com.
Raymond James has introduced the Practice Exchange, a new cloud-based succession planning platform tailored for financial advisors. The platform aims to simplify the succession and acquisition process, combining tools for M&A, buyer/seller matching, and educational resources. Key features include proprietary succession matching algorithms, enhanced valuation tools, and secure information sharing. The initiative reflects the firm’s commitment to adapt to the evolving needs of financial advisors, responding to increased demand for comprehensive succession solutions.
Steward Partners Global Advisory has expanded its network by welcoming O'Hare Wealth Management in Mequon, Wisconsin, marking its first office in the Upper Midwest. The team manages $420 million in assets and consists of five former Merrill Lynch professionals. This transition to independence allows them to enhance client services with increased resources from Steward and its partnerships with Raymond James and Goldman Sachs. The firm, ranked #24 on Barron's Top RIAs list in 2020, continues to focus on delivering a personalized client experience.
Summary not available.