April 2026 client assets hit $1.87T at Raymond James (NYSE: RJF)
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Raymond James Financial released selected operating data for April 2026, showing continued growth in client assets and fee-based business. Management cautions that this limited monthly data should not be directly linked to near-term earnings.
Client assets under administration reached a record $1.87 trillion, up 22% from April 2025 and 6% from March 2026, helped by higher equity markets and net inflows. Private Client Group assets under administration were $1.80 trillion, also up 22% year-over-year and 6% sequentially, while fee-based PCG assets grew 28% year-over-year and 7% over the prior month to $1.12 trillion.
Financial assets under management were $298.6 billion, increasing 22% year-over-year and 6% sequentially, and bank loans, net, were $55.4 billion, up 14% year-over-year and 1% from March 2026. Clients’ domestic cash sweep and Enhanced Savings Program balances were $55.6 billion, flat year-over-year but down 4% sequentially, mainly due to quarterly fee billings and seasonal tax payments.
Positive
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Negative
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Insights
April data show broad asset growth, with modest cash drawdowns.
Raymond James reports strong April 2026 trends in client assets, with total client assets under administration at $1.87 trillion, up 22% year-over-year. Fee-based Private Client Group assets rose 28%, underscoring a shift toward recurring-revenue advisory relationships that typically support more stable long-term fee income.
Financial assets under management reached $298.6 billion, up 22% year-over-year, and bank loans, net, increased to $55.4 billion, up 14%. These figures suggest expanding balance-sheet and asset-management activity, though the company notes that monthly operating data do not consistently translate into earnings performance.
Clients’ domestic cash sweep and Enhanced Savings Program balances were $55.6 billion, flat year-over-year but down 4% from March, reflecting fee billings and seasonal tax payments. The company also notes investment banking pipelines and client activity remain strong, while the timing of deal closings remains uncertain, meaning revenue realization from banking activity may be uneven across upcoming periods.
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: $1,869.9 billion
PCG assets under administration: $1,798.6 billion
PCG fee-based assets: $1,121.4 billion
+4 more
7 metrics
Client assets under administration
$1,869.9 billion
As of April 30, 2026; 22% YoY, 6% sequential increase
PCG assets under administration
$1,798.6 billion
As of April 30, 2026; 22% YoY, 6% sequential increase
PCG fee-based assets
$1,121.4 billion
As of April 30, 2026; 28% YoY, 7% sequential increase
Financial assets under management
$298.6 billion
As of April 30, 2026; 22% YoY, 6% sequential increase
Bank loans, net
$55.4 billion
As of April 30, 2026; 14% YoY, 1% sequential increase
Cash sweep & Enhanced Savings balances
$55.6 billion
As of April 30, 2026; flat YoY, 4% sequential decline
Total client assets (company-wide)
$1.87 trillion
Stated total client assets in company overview
Key Terms
client assets under administration, fee-based accounts, Enhanced Savings Program, financial assets under management, +1 more
5 terms
client assets under administration financial
"Client assets under administration reached a record $1.87 trillion, increasing 22% year-over-year"
fee-based accounts financial
"Private Client Group assets in fee-based accounts were $1,121.4 billion, increasing 28% year-over-year"
Enhanced Savings Program financial
"Clients’ domestic cash sweep and Enhanced Savings Program balances of $55.6 billion were flat year-over-year"
financial assets under management financial
"Financial assets under management (1) were $298.6 billion, up 22% year-over-year"
Regulation FD Disclosure regulatory
"Item 7.01 Regulation FD Disclosure On May 20, 2026, Raymond James Financial, Inc. issued a press release"
Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.
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 May 20, 2026, Raymond James Financial, Inc. (the “Company”) issued a press release to disclose its operating data for April 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 May 20, 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: May 20, 2026 | By: | /s/ Jonathan W. Oorlog, Jr. | ||||||
| Jonathan W. Oorlog, Jr. | ||||||||
| Chief Financial Officer | ||||||||
| May 20, 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 APRIL 2026 OPERATING DATA
ST. PETERSBURG, Fla. - Raymond James Financial, Inc. (NYSE: RJF) today reported selected operating data for April 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 reached a record $1.87 trillion, increasing 22% year-over-year and 6% sequentially, driven primarily by higher equity markets and net asset inflows,” said CEO Paul Shoukry. “PCG fee-based assets increased 28% year-over-year and 7% over the preceding month. Clients’ domestic cash sweep and Enhanced Savings Program balances of $55.6 billion were flat year-over-year and decreased 4% sequentially primarily due to quarterly fee billings and seasonal client tax payments during the month. The investment banking pipelines and client activity levels remain strong, but the timing of closings continues to be uncertain.”
| Operating Data | |||||||||||||||||||||||||||||
| As of | % change from | |||||||||||||||||||||||||||||||
| $ in billions | April 30, 2026 | April 30, 2025 | March 31, 2026 | April 30, 2025 | March 31, 2026 | |||||||||||||||||||||||||||
| Client assets under administration | $ | 1,869.9 | $ | 1,530.7 | $ | 1,762.9 | 22% | 6% | ||||||||||||||||||||||||
| Private Client Group assets under administration | $ | 1,798.6 | $ | 1,469.5 | $ | 1,699.0 | 22% | 6% | ||||||||||||||||||||||||
| Private Client Group assets in fee-based accounts | $ | 1,121.4 | $ | 873.3 | $ | 1,043.2 | 28% | 7% | ||||||||||||||||||||||||
Financial assets under management (1) | $ | 298.6 | $ | 245.5 | $ | 282.4 | 22% | 6% | ||||||||||||||||||||||||
Bank loans, net | $ | 55.4 | $ | 48.8 | $ | 54.8 | 14% | 1% | ||||||||||||||||||||||||
Clients’ domestic cash sweep and Enhanced Savings Program balances | $ | 55.6 | $ | 55.6 | $ | 57.8 | —% | (4)% | ||||||||||||||||||||||||
(1) This metric excluded the impact from the acquisition of Clark Capital Management Group, Inc., which closed on April 30, 2026. | ||||||||||||||||||||||||||||||||
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 $1.87 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 April 2026?
Client assets under administration reached a record $1.87 trillion in April 2026, up 22% from April 2025 and 6% from March 2026. Growth was driven mainly by higher equity markets and net asset inflows across Raymond James’ wealth management platform.
What were Raymond James’ April 2026 Private Client Group asset levels?
Private Client Group assets under administration were $1.80 trillion in April 2026, rising 22% year-over-year and 6% sequentially. Within this, PCG fee-based assets reached $1.12 trillion, increasing 28% year-over-year and 7% over March, highlighting growth in advisory relationships.
How much fee-based PCG assets did Raymond James (RJF) report for April 2026?
Raymond James reported $1.12 trillion in Private Client Group fee-based assets for April 2026. This represented 28% year-over-year growth and a 7% increase from March 2026, reflecting strong momentum in recurring-fee advisory accounts within the firm’s wealth management business.
What happened to Raymond James’ cash sweep and Enhanced Savings balances in April 2026?
Clients’ domestic cash sweep and Enhanced Savings Program balances were $55.6 billion in April 2026, flat versus April 2025 but down 4% from March 2026. The company attributes the sequential decline primarily to quarterly fee billings and seasonal client tax payments during the month.
How did Raymond James’ financial assets under management change in April 2026?
Financial assets under management totaled $298.6 billion at April 30, 2026, up 22% from April 30, 2025 and 6% from March 31, 2026. The company notes this metric excludes the impact of the Clark Capital Management acquisition that closed on April 30, 2026.
What is Raymond James saying about its April 2026 investment banking activity?
Raymond James states that investment banking pipelines and client activity levels remain strong as of April 2026. However, it emphasizes that the timing of transaction closings is still uncertain, meaning the conversion of these pipelines into completed deals and related revenue may be uneven over time.