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ST. PETERSBURG, Fla., Nov. 23, 2021 (GLOBE NEWSWIRE) -- Raymond James Financial, Inc. (NYSE: RJF) today reported selected operating data for October 2021, in an effort to provide timely information to investors about general trends in our major business segments. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed.
Record client assets under administration of $1.23 trillion increased 33% over October 2020 and 4% over September 2021. Record financial assets under management of $199.3 billion increased 32% over October 2020 and 4% over September 2021. The increase of client assets was driven by equity market appreciation and the net addition of financial advisors in the Private Client Group.
“Financial advisor recruiting activity is robust across our multiple affiliation options,” said Chairman and CEO Paul Reilly. “Additionally, investment banking pipelines remain strong.”
Record net loans at Raymond James Bank of $25.4 billion increased 18% over October 2020 and 2% over September 2021.
Record clients’ domestic cash sweep balances of $66.8 billion increased 17% over October 2020 and were flat compared to September 2021.
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 8,500 financial advisors. Total client assets are $1.23 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.
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.
