Raymond James Financial Inc.
Raymond James Financial Reports 18% Year-over-Year Increase in Client Assets Under Administration for May 2024
Summary
On June 18, 2024, Raymond James Financial, Inc. disclosed its May 2024 operating data, reporting an 18% increase in client assets under administration compared to the prior year. Client assets under administration amounted to $1,451.4 billion as of May 31, 2024, showing a 3% increase from April 30, 2024. Additionally, financial assets under management increased by 17% year-over-year to $226.0 billion. Despite the increase in client assets, domestic cash sweep and Enhanced Savings Program balances remained nearly flat. A press release with detailed operating data is furnished as Exhibit 99.1.
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Exhibits (1)
About Raymond James Financial Inc.
Raymond James Financial Inc. is a diversified financial services company that provides a comprehensive range of investment and financial services to individuals, corporations, and municipalities. Its primary function is to facilitate wealth management solutions, including advisory services for individuals and institutional clients, underwriting, trading, and market-making activities. Raymond James Financial Inc. is notably active in the asset management sector, offering mutual funds, portfolio management, and estate planning services. Founded in 1962 and headquartered in St. Petersburg, Florida, Raymond James has established itself as a significant player in the financial industry. The company operates through multiple subsidiaries, contributing to various sectors such as consumer finance, real estate, and public finance. Raymond James is well-regarded for its robust network of over 8,000 financial advisors and its ability to provide tailored solutions to its clientele. In the financial market, Raymond James Financial Inc. plays a critical role by offering strong investment advisory and banking services and maintaining a solid reputation for ethical business practices and customer satisfaction. Its influence extends across North America and into select international markets, underlining its importance in global financial services.
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