Raymond James Financial : July 2023 operating data
August 23, 2023 at 04:39 pm
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August 23, 2023
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 2023 OPERATING DATA
ST. PETERSBURG, Fla. - Raymond James Financial, Inc. (NYSE: RJF) today reported selected operating data for July 2023, 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 increased over the comparative periods driven by equity market appreciation and strong advisor retention and recruiting across our multiple affiliation options," said Chair and CEO Paul Reilly. "Clients' domestic cash sweep and Enhanced Savings Program (ESP) balances of $57.6 billion decreased slightly compared to June driven primarily by lower cash sweep balances, predominantly due to quarterly fee billings, partially offset by growth in ESP balances. Our investment banking pipeline remains healthy, but closings continue to be challenged in the current market environment."
Operating Data
As of
% change from
$ in billions
July 31,
July 31,
June 30,
July 31,
June 30,
2023
2022
2023
2022
2023
Client assets under administration
$
1,313.5
$
1,189.3
$
1,280.9
10%
3%
Private Client Group assets under administration
$
1,258.8
$
1,131.8
$
1,227.0
11%
3%
Private Client Group assets in fee-based accounts
$
715.4
$
643.0
$
697.0
11%
3%
Financial assets under management
$
204.6
$
192.4
$
200.7
6%
2%
Bank loans, net
$
43.5
$
42.3
$
43.3
3%
-%
Clients' domestic cash sweep and Enhanced Savings
$
57.6
$
72.6
$
58.0
(21)%
(1)%
Program balances (1)
In March 2023, we launched our Enhanced Savings Program, in which Private Client Group clients may deposit cash in a high-yield Raymond James Bank account.
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. The company has approximately 8,700 financial advisors. Total client assets are $1.31 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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Raymond James Financial Inc. published this content on 23 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 August 2023 20:38:45 UTC.
Raymond James Financial, Inc. specializes in financial services. Revenues (including intragroup) by activity break down as follows:
- investment services (76.9%): securities brokerage, stock exchange intermediation, intervention on equity, interest rate and foreign exchange markets, derivatives, trading services, etc. for private and institutional clients;
- retail banking and merchant banking (15.7%);
- asset management (6.9%): USD 196.4 billion in assets under management at the end of September 2023;
- other (0.5%).
Revenues are distributed geographically as follows: the United States (91.3%), Canada (4.9%) and Europe (3.8%).
RAYMOND JAMES FINANCIAL, INC. 
