Raymond James Financial Reports January 2022 Operating Data
Raymond James Financial, Inc. (NYSE: RJF) reported strong growth in client assets as of January 31, 2022, driven by advisor retention and recruitment, with assets under administration reaching $1,245.4 billion, a 21% increase year-over-year.
Rhea-AI Summary
Raymond James Financial, Inc. (NYSE: RJF) reported strong growth in client assets as of January 31, 2022, driven by advisor retention and recruitment, with assets under administration reaching $1,245.4 billion, a 21% increase year-over-year. The recent acquisition of Charles Stanley added nearly $34 billion in client assets. However, investment banking revenues decreased in January following a record fiscal first quarter. The M&A pipeline remains robust despite this decline.
Positive
- Client assets under administration rose to $1,245.4 billion, up 21% year-over-year.
- Acquisition of Charles Stanley contributed approximately $34 billion in assets.
- Private Client Group assets increased by 22% year-over-year to $1,188.4 billion.
Negative
- Investment banking revenues fell in January following a record fiscal first quarter.
Details
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ST. PETERSBURG, Fla., Feb. 23, 2022 (GLOBE NEWSWIRE) -- Raymond James Financial, Inc. (NYSE: RJF) today reported selected operating data for January 2022, in an effort to provide timely information to investors about monthly developments in certain key performance metrics. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed.
“Financial advisor retention and recruiting drove strong growth of client assets year-over-year,” said Chairman and CEO Paul Reilly. “Investment banking revenues were down in January following a record fiscal first quarter, although the M&A pipeline remains robust. In January, we welcomed Charles Stanley to the Raymond James family, which added nearly
| Selected Key Metrics |
| $ in billions | As of | % change from | ||||||||
| January 31, 2022 | January 31, 2021 | December 31, 2021 | January 31, 2021 | December 31, 2021 | ||||||
| Client assets under administration(1) | $ 1,245.4 | $ 1,027.7 | $ 1,257.8 | | (1)% | |||||
| Private Client Group assets under administration(1) | $ 1,188.4 | $ 975.9 | $ 1,199.8 | | (1)% | |||||
| Private Client Group assets in fee-based accounts(1) | $ 673.1 | $ 534.5 | $ 677.8 | | (1)% | |||||
| Financial assets under management | $ 194.1 | $ 168.8 | $ 203.2 | | (4)% | |||||
| Raymond James Bank loans, net | $ 26.6 | $ 21.8 | $ 26.1 | | | |||||
| Clients’ domestic cash sweep balances | $ 74.3 | $ 63.4 | $ 73.5 | | | |||||
(1) These metrics include the impact from the acquisition of Charles Stanley Group PLC, which closed on January 21, 2022. For client assets under administration and Private Client Group assets under administration, the impact was approximately
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 8,700 financial advisors. Total client assets are
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