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Raymond James Financial Reports July 2022 Operating Data

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ST. PETERSBURG, Fla., Aug. 24, 2022 (GLOBE NEWSWIRE) -- Raymond James Financial, Inc. (NYSE: RJF) today reported selected operating data for July 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.

“Client assets increased over the preceding month driven by equity market appreciation and strong advisor retention and recruiting across our multiple affiliation options,” said Chair and CEO Paul Reilly. “As previously disclosed, clients’ domestic cash sweep balances declined in July due to quarterly fee payments and cash sorting activity. In the Capital Markets segment, fixed income brokerage and investment banking revenues remained subdued in July, although the M&A pipeline is healthy.”

Selected Key Metrics

 

    As of   % change from
$ in billions   July 31,
2022
  July 31,
2021
  June 30,
2022
  July 31,
2021
  June 30,
2022
Client assets under administration   $            1,189.3   $            1,180.4   $            1,125.3   1%   6%
Private Client Group assets under administration   $            1,131.8   $            1,117.7    $            1,068.8   1%   6%
Private Client Group assets in fee-based accounts   $               643.0   $               627.3   $               606.7   3%   6%
Financial assets under management   $               192.4   $               194.4   $               182.4   (1)%   5%
                     
Bank loans, net   $                 42.3   $                 24.5   $                 41.8   73%   1%
                     
Clients’ domestic cash sweep balances   $                 72.6   $                 63.0   $                 75.8   15%   (4)%

 

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 8,600 financial advisors. Total client assets are $1.19 trillion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at www.raymondjames.com.


Raymond James Financial, Inc.

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About RJF

founded in 1962 and a public company since 1983, raymond james is a florida-based diversified holding company providing financial services to individuals, corporations and municipalities through its subsidiary companies engaged primarily in investment and financial planning, in addition to capital markets and asset management. the firm's stock is traded on the new york stock exchange (rjf). through its three broker/dealer subsidiaries, raymond james financial has approximately 6,600 financial advisors serving in excess of 2.7 million client accounts in more than 2,700 locations throughout the united states, canada and overseas. total client assets are approximately $504 billion. raymond james has been recognized nationally for its community support and corporate philanthropy. the company has been ranked as one of the best in the country in customer service, as a great place to work and as a national leader in support of the arts.