Executive Brief

  • Raymond James Financial, Inc. reported August 2025 operating data showing record client assets under administration of $1.69 trillion, up 10% year-over-year and 2% sequentially (Item 7.01, Exhibit 99.1).
  • Private Client Group assets under administration reached $1.63 trillion, a 10% increase YoY and 2% increase MoM; fee-based accounts grew 14% YoY to $979 billion (Exhibit 99.1).
  • Financial assets under management increased 12% YoY to $270 billion; bank loans net rose 10% YoY to $50.2 billion (Exhibit 99.1).
  • Clients’ domestic cash sweep and Enhanced Savings Program balances declined 4% YoY to $54.2 billion (Exhibit 99.1).
  • CEO Paul Shoukry highlighted strong advisor recruiting and a robust investment banking pipeline (Exhibit 99.1).
  • The data is furnished under Regulation FD and is not deemed filed or incorporated by reference into other SEC filings (Item 7.01).
  • No new financial guidance or earnings correlation is provided; the company cautions against assuming direct earnings impact from this data (Exhibit 99.1).
  • No other Items such as financial statements, director changes, or material agreements were reported.
  • Next updates expected in subsequent monthly operating data releases; no specific dates disclosed.
  • Key risk to monitor: market volatility impacting client assets and cash balances.

Item-by-Item Analysis

Item 7.01 – Regulation FD Disclosure

  • What happened: Raymond James furnished operating data for August 2025 to provide timely investor information on key metrics.
  • Parties/terms: Data pertains to Raymond James Financial, Inc. as of August 31, 2025.
  • Key metrics:
    • Client assets under administration: $1.6885 trillion (10% YoY, 2% MoM growth).
    • Private Client Group assets under administration: $1.6261 trillion (10% YoY, 2% MoM).
    • Fee-based accounts: $978.9 billion (14% YoY, 2% MoM).
    • Financial assets under management: $270.0 billion (12% YoY, 2% MoM).
    • Bank loans, net: $50.2 billion (10% YoY, 1% MoM).
    • Clients’ domestic cash sweep and Enhanced Savings Program balances: $54.2 billion (4% YoY decline, 1% MoM decline).
  • CEO Paul Shoukry commented on record assets, strong advisor recruiting, and robust investment banking pipeline.
  • The information is furnished, not filed, and not incorporated by reference into other SEC filings unless specifically stated.
  • This is new information, not previously announced.
  • Source: (Item 7.01, para 1-5), (Exhibit 99.1).

Item 9.01 – Financial Statements and Exhibits

  • Exhibits filed:
    • Exhibit 99.1: Press release dated September 24, 2025, reporting August 2025 operating data.
    • Exhibit 104: Cover Page Interactive Data File (Inline XBRL).
  • No financial statements or pro forma data included.
  • Source: (Item 9.01, para d), (Exhibit 99.1).

Exhibits Summary

  • Exhibit 99.1 Press Release:
    • Provides detailed operating data metrics as of August 31, 2025.
    • Includes CEO commentary on business highlights.
    • Notes caution that limited data should not be assumed to correlate directly with earnings.
  • Exhibit 104:
    • Interactive data file for SEC filing compliance.

Financial & Dilution Impact

  • No changes to financial guidance or earnings reported.
  • No new debt or equity issuance disclosed.
  • Client asset growth implies potential for increased fee revenue long-term.
  • Decline in cash sweep balances may impact short-term liquidity or fee income.
  • No dilution or share count changes reported.

Timeline & Required Actions

  • Data effective as of August 31, 2025.
  • No closing conditions or approvals required.
  • Next periodic update timing unknown.
  • No shareholder meetings or votes related to this disclosure.

Risks & Monitoring

  • Market fluctuations could materially affect client assets and fee income.
  • Declining cash sweep balances may indicate shifts in client liquidity preferences.
  • Investment banking pipeline strength subject to market and deal execution risks.

Metadata & Quality Checks

  • No OCR or parsing issues detected.
  • Non-GAAP reconciliation: Unknown (data is operating metrics, no explicit reconciliation).
  • Forward-looking statements: Present in CEO commentary (e.g., pipeline outlook).
  • Related-party or conflicts: None disclosed.

Final Checklist

  • Items disclosed: 7.01, 9.01.
  • Press release attached as Exhibit 99.1.
  • No financial statements or material definitive agreements.
  • No officer/director changes or auditor updates.
  • Data is furnished, not filed, limiting liability exposure.

Summary

Raymond James Financial, Inc. provided a Regulation FD furnished update on August 2025 operating metrics showing record client assets and growth across key segments, with CEO commentary on business strength. The data is informational only, with no direct earnings guidance or financial statement impact disclosed. Investors should monitor market conditions and client cash balances for potential future impacts.

Original Filing