Monthly UpdateJun 24, 2026, 04:27 PM
Raymond James Client Assets Hit Record $1.92T in May
AI Summary
Raymond James Financial reported strong operating data for May 2026, with client assets under administration reaching a record $1.92 trillion, an increase of 21% year-over-year. This growth was primarily driven by higher equity markets and net asset inflows. Financial assets under management also saw significant growth, rising 35% year-over-year to $342.7 billion, partly due to the recent acquisition of Clark Capital Management Group. Bank loan balances remained stable, and client cash balances increased modestly.
Key Highlights
- Client assets under administration reached a record $1.92 trillion, up 21% year-over-year.
- Private Client Group assets under administration grew to $1.85 trillion, a 22% increase year-over-year.
- Private Client Group assets in fee-based accounts rose 27% year-over-year to $1.16 trillion.
- Financial assets under management increased 35% year-over-year to $342.7 billion.
- Bank loans, net, were $55.3 billion, up 13% year-over-year.
- Clients’ domestic cash sweep and Enhanced Savings Program balances totaled $55.8 billion, up 3% year-over-year.
- The acquisition of Clark Capital Management Group added $37 billion in AUM and $49 billion in total client assets.
Price Impact
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