Raymond James (NYSE: RJF) shows 16% asset growth in February 2026 data

Rhea-AI Filing Summary

Raymond James Financial released selected operating data for February 2026, showing continued growth across key wealth and asset metrics. Client assets under administration reached a record $1.83 trillion, up 16% from a year earlier, mainly from higher equity markets and net inflows.

Private Client Group assets under administration rose 16% year-over-year to $1.76 trillion, while assets in fee-based accounts increased 21% to $1.08 trillion, supported by strong advisor recruiting. Financial assets under management grew 16% to $292.5 billion.

Bank loans, net, increased 13% year-over-year to $54.0 billion. Clients’ domestic cash sweep and Enhanced Savings Program balances were $54.6 billion, down 4% from February 2025 and 1% from January 2026. Investment banking revenues for the first two months of the current quarter are approximately 5% above the prior-year comparable period.

Insights

Sell-side financials analyst

Monthly data show broad-based growth in assets and steady banking trends.

Raymond James reports February 2026 client assets under administration of $1.83 trillion, up 16% year-over-year, with Private Client Group assets and fee-based balances growing at similar or faster rates. This points to healthy underlying advisory and asset management momentum.

Financial assets under management of $292.5 billion and bank loans of $54.0 billion, both up around mid-teens percentages year-over-year, indicate balanced expansion across wealth and lending. Meanwhile, clients’ cash sweep and Enhanced Savings balances declined modestly, which can align with clients putting more cash to work in markets.

The company notes investment banking revenues for the first two months of the current quarter are approximately 5% above the prior-year comparable period, suggesting solid but not dramatic improvement in deal activity. The disclosure also cautions that this limited monthly data does not consistently correlate to earnings, so the actual quarterly results will depend on broader factors.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

March 25, 2026

Date of Report (date of earliest event reported)

RAYMOND JAMES FINANCIAL, INC.

(Exact name of registrant as specified in its charter)

Florida

1-9109

59-1517485

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

880 Carillon Parkway

St. Petersburg

Florida

33716

(Address of principal executive offices)

(Zip Code)

(727) 567-1000

(Registrant’s telephone number, including area code)

None

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, $.01 par value			RJF			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act (17 CFR 230.405) or Rule 12b-2 of the Exchange Act (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

Item 7.01 Regulation FD Disclosure

On March 25, 2026, Raymond James Financial, Inc. (the “Company”) issued a press release to disclose its operating data for February 2026. A copy of this press release is attached to this Current Report as Exhibit 99.1 and is incorporated herein by reference.

The information in this Current Report, including any exhibits hereto, is being “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing of the Company with the Securities and Exchange Commission, whether made before or after the date hereof, regardless of any general incorporation language in such filings (unless the Company specifically states that the information or exhibit in this particular report is incorporated by reference).

Item 9.01 Financial Statements and Exhibits

(d) Exhibits. The following are filed as exhibits to this report:

Exhibit No.

99.1 Press release, dated March 25, 2026, issued by Raymond James Financial, Inc.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			RAYMOND JAMES FINANCIAL, INC.
Date: March 25, 2026			By:			/s/ Jonathan W. Oorlog, Jr.
						Jonathan W. Oorlog, Jr.
						Chief Financial Officer

March 25, 2026						FOR IMMEDIATE RELEASE
						Media Contact: Steve Hollister, 727.567.2824
						Investor Contact: Kristina Waugh, 727.567.7654
						raymondjames.com/news-and-media/press-releases

RAYMOND JAMES FINANCIAL REPORTS FEBRUARY 2026 OPERATING DATA

ST. PETERSBURG, Fla. - Raymond James Financial, Inc. (NYSE: RJF) today reported selected operating data for February 2026, 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.

“Record client assets under administration of $1.83 trillion grew 16% year-over-year primarily driven by higher equity markets and net asset inflows,” said CEO Paul Shoukry. “PCG assets in fee-based accounts increased 2% over the preceding month supported by robust advisor recruiting. Clients’ domestic cash sweep and Enhanced Savings Program balances of $54.6 billion decreased 1% sequentially. The investment banking pipelines and client activity levels remain strong, but the timing of closings continues to impact our revenues. Investment banking revenues for the first two months of the current quarter are up approximately 5% from the first two months of the prior-year comparable period.”

Operating Data

						As of																		% change from
$ in billions						February 28, 2026						February 28, 2025						January 31, 2026						February 28, 2025						January 31, 2026
Client assets under administration						$	1,828.4					$	1,579.2					$	1,803.8					16%						1%
Private Client Group assets under administration						$	1,764.0					$	1,517.9					$	1,739.6					16%						1%
Private Client Group assets in fee-based accounts						$	1,083.4					$	896.7					$	1,062.4					21%						2%
Financial assets under management						$	292.5					$	251.1					$	286.4					16%						2%
Bank loans, net						$	54.0					$	47.6					$	53.8					13%						—%
Clients’ domestic cash sweep and Enhanced Savings Program balances						$	54.6					$	56.6					$	55.0					(4)%						(1)%

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. Total client assets are $1.83 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.

FAQ

How did Raymond James (RJF) client assets perform in February 2026?

Raymond James reported record client assets under administration of $1.83 trillion in February 2026, up 16% from February 2025. Growth was mainly driven by higher equity markets and net asset inflows, indicating stronger overall client engagement with the firm’s platforms.

What were Raymond James (RJF) Private Client Group asset levels in February 2026?

Private Client Group assets under administration reached $1.76 trillion in February 2026, a 16% year-over-year increase. Assets in fee-based accounts were $1.08 trillion, up 21% from a year earlier, supported by robust financial advisor recruiting and continued client adoption of advisory programs.

How did Raymond James (RJF) fee-based assets change versus January 2026?

Private Client Group assets in fee-based accounts were $1.08 trillion at February 28, 2026, rising 2% from January 31, 2026. This sequential increase reflects ongoing growth in advisory relationships and market movements during the month, building on already strong year-over-year expansion.

What were Raymond James (RJF) cash sweep and Enhanced Savings balances in February 2026?

Clients’ domestic cash sweep and Enhanced Savings Program balances totaled $54.6 billion at February 28, 2026. That represents a 4% decline from February 2025 and a 1% decrease from January 31, 2026, suggesting a slight shift of client funds away from cash products.

How are Raymond James (RJF) investment banking revenues trending this quarter?

For the first two months of the current quarter, Raymond James investment banking revenues are up approximately 5% versus the first two months of the prior-year comparable period. Management notes pipelines and client activity remain strong, though the timing of deal closings continues to influence reported revenues.

What were Raymond James (RJF) bank loans and assets under management in February 2026?

Bank loans, net, were $54.0 billion at February 28, 2026, a 13% year-over-year increase. Financial assets under management reached $292.5 billion, up 16% from February 2025 and 2% from January 2026, reflecting continued growth in managed portfolios.

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 EX-99.1 PRESS RELEASE DATED MARCH 25, 2026 25.5 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 21.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.2 KB