Record client assets at Raymond James (NYSE: RJF) as loans and managed balances climb
Rhea-AI Filing Summary
Raymond James Financial, Inc. (RJF) reported selected July 2026 operating metrics, highlighting continued growth in client assets and managed balances. Client assets under administration reached a record $1.93 trillion, up 17% year-over-year, driven by higher equity markets and net asset inflows and slightly above June levels.
Private Client Group assets under administration were $1,859.9 billion, up 17% from July 2025, while assets in fee-based accounts rose 21% to $1,155.1 billion. Financial assets under management increased 30% year-over-year to $344.6 billion. Bank loans, net, grew 13% year-over-year to $56.3 billion.
Clients’ domestic cash sweep and Enhanced Savings Program balances were $56.7 billion, up 3% year-over-year but down 4% from June, reflecting quarterly fee billings collected in July. The company noted that investment banking pipelines and client activity are robust, though the timing of deal closings remains uncertain.
Positive
- Client assets under administration reached a record $1.93 trillion, increasing 17% year-over-year, reflecting higher equity markets and net asset inflows.
- Fee-based Private Client Group assets rose 21% year-over-year to $1,155.1 billion, indicating strong growth in recurring, advisory-driven assets.
- Financial assets under management increased 30% year-over-year to $344.6 billion, demonstrating substantial expansion in managed assets.
- Bank loans, net grew 13% year-over-year to $56.3 billion, signaling continued growth in the company’s banking portfolio.
Negative
- Clients’ domestic cash sweep and Enhanced Savings Program balances declined 4% month-over-month to $56.7 billion, mainly due to quarterly fee billings collected in July.
- The company stated that investment banking pipelines are robust, but the timing of closings remains uncertain, adding unpredictability to related revenue.
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Client assets under administration: $1.93 trillion
Private Client Group assets under administration: 1,859.9 billion
PCG assets in fee-based accounts: 1,155.1 billion
+3 more
6 metrics
Client assets under administration
$1.93 trillion
Record level as of July 31, 2026; up 17% year-over-year
Private Client Group assets under administration
1,859.9 billion
As of July 31, 2026; up 17% from July 31, 2025
PCG assets in fee-based accounts
1,155.1 billion
As of July 31, 2026; up 21% year-over-year
Financial assets under management
344.6 billion
As of July 31, 2026; up 30% from July 31, 2025
Bank loans, net
56.3 billion
As of July 31, 2026; up 13% year-over-year
Clients’ domestic cash sweep and Enhanced Savings balances
56.7 billion
As of July 31, 2026; up 3% year-over-year, down 4% from June 30, 2026
Key Terms
client assets under administration, fee-based accounts, Financial assets under management, clients’ domestic cash sweep and Enhanced Savings Program balances, +1 more
5 terms
client assets under administration financial
"Client assets under administration grew to a record $1.93 trillion"
fee-based accounts financial
"Private Client Group assets in fee-based accounts were $1,155.1 billion"
Financial assets under management financial
"Financial assets under management were $344.6 billion"
clients’ domestic cash sweep and Enhanced Savings Program balances financial
"Clients’ domestic cash sweep and Enhanced Savings Program balances were $56.7 billion"
investment banking pipelines financial
"Investment banking pipelines and client activity levels are robust"
FAQ
How did Raymond James Financial (RJF) client assets under administration perform in July 2026?
Raymond James Financial reported record client assets under administration of $1.93 trillion in July 2026, up 17% year-over-year. The increase was driven by higher equity markets and net asset inflows, with assets also slightly higher than at June 30, 2026.
What were Raymond James Financial (RJF) Private Client Group asset levels in July 2026?
Private Client Group assets under administration reached $1,859.9 billion in July 2026, a 17% year-over-year increase. Assets in fee-based accounts were $1,155.1 billion, up 21% from July 2025, underscoring growth in advisory and recurring-revenue business.
How did Raymond James Financial (RJF) assets under management change in July 2026?
Financial assets under management at Raymond James Financial were $344.6 billion as of July 31, 2026, up 30% year-over-year. This reflects significant growth in managed assets compared with $264.3 billion a year earlier, while remaining roughly in line with June 30, 2026 levels.
What trends did Raymond James Financial (RJF) report in client cash sweep and savings balances?
Clients’ domestic cash sweep and Enhanced Savings Program balances totaled $56.7 billion in July 2026, up 3% year-over-year but down 4% from June. The month-over-month decline mainly reflected quarterly fee billings collected in July, particularly impacting sweep balances.
How are Raymond James Financial (RJF) bank loans trending as of July 2026?
Raymond James Financial reported bank loans, net, of $56.3 billion as of July 31, 2026, a 13% increase from $49.7 billion a year earlier. Loan balances were essentially unchanged compared with June 30, 2026, indicating stable sequential performance.
What did Raymond James Financial (RJF) say about its investment banking outlook?
The company noted that investment banking pipelines and client activity levels are robust, but timing of deal closings remains uncertain. This suggests healthy underlying demand, while creating variability in when related investment banking revenues will be recognized.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
Date of Report (date of earliest event reported)
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
(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:
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 | ||||||
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 August 19, 2026, Raymond James Financial, Inc. (the “Company”) issued a press release to disclose its operating data for July 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 August 19, 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: August 19, 2026 | By: | /s/ Jonathan W. Oorlog, Jr. | ||||||
| Jonathan W. Oorlog, Jr. | ||||||||
| Chief Financial Officer | ||||||||
| August 19, 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 JULY 2026 OPERATING DATA
ST. PETERSBURG, Fla. - Raymond James Financial, Inc. (NYSE: RJF) today reported selected operating data for July 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.
“Client assets under administration grew to a record $1.93 trillion, increasing 17% year-over-year driven by higher equity markets and net asset inflows, and up slightly over the preceding month primarily due to net asset inflows,” said CEO Paul Shoukry. “Advisor retention and the recruiting pipeline continue to be strong. Clients’ domestic cash sweep and Enhanced Savings Program balances rose 3% year-over-year and declined 4% compared to the prior month, reflecting client quarterly fee billings collected in July, predominantly impacting client cash sweep balances. Investment banking pipelines and client activity levels are robust, but the timing of closings continues to be uncertain.”
| Operating Data | |||||||||||||||||||||||||||||
| As of | % change from | |||||||||||||||||||||||||||||||
| $ in billions | July 31, 2026 | July 31, 2025 | June 30, 2026 | July 31, 2025 | June 30, 2026 | |||||||||||||||||||||||||||
| Client assets under administration | $ | 1,927.7 | $ | 1,653.4 | $ | 1,922.4 | 17% | —% | ||||||||||||||||||||||||
| Private Client Group assets under administration | $ | 1,859.9 | $ | 1,591.8 | $ | 1,856.5 | 17% | —% | ||||||||||||||||||||||||
| Private Client Group assets in fee-based accounts | $ | 1,155.1 | $ | 956.5 | $ | 1,153.8 | 21% | —% | ||||||||||||||||||||||||
Financial assets under management | $ | 344.6 | $ | 264.3 | $ | 345.0 | 30% | —% | ||||||||||||||||||||||||
Bank loans, net | $ | 56.3 | $ | 49.7 | $ | 56.2 | 13% | —% | ||||||||||||||||||||||||
Clients’ domestic cash sweep and Enhanced Savings Program balances | $ | 56.7 | $ | 54.8 | $ | 58.8 | 3% | (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. Total client assets are $1.93 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.
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