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Get filing alertsRaymond James reports record $1.87T client assets, up 22% year-over-year in April 2026
Filed May 20, 2026 · Period ending May 20, 2026 · ~1 min read
Key Changes
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Client assets under administration reached record $1.87 trillion, up 22% year-over-year and 6% month-over-month, driven by higher equity markets and net asset inflows.
Exhibit 99.1 view on EDGAR → -
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Private Client Group fee-based assets grew 28% year-over-year to $1.12 trillion, indicating successful migration to higher-margin recurring revenue accounts.
Exhibit 99.1 view on EDGAR → -
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Client cash sweep balances of $55.6 billion declined 4% sequentially due to quarterly fee billings and seasonal tax payments, though remained flat year-over-year.
Exhibit 99.1 view on EDGAR → -
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Investment banking pipelines and client activity remain strong, though deal closing timing continues to be uncertain.
Exhibit 99.1 view on EDGAR → -
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Net bank loans grew to $55.4 billion, up 14% year-over-year, reflecting continued lending activity.
Exhibit 99.1 view on EDGAR →
Summary
Raymond James disclosed strong April 2026 operating metrics in its monthly Regulation FD update. Client assets under administration reached a record $1.87 trillion, driven by favorable equity markets and net new asset inflows. The 22% year-over-year growth reflects both market appreciation and the firm's ability to attract and retain client assets.
Particularly notable is the 28% year-over-year growth in Private Client Group fee-based assets to $1.12 trillion. This shift toward fee-based advisory accounts is strategically important because it generates more predictable recurring revenue compared to transaction-based brokerage. The 7% sequential growth suggests momentum in client conversions and new account openings.
Client cash balances declined 4% month-over-month to $55.6 billion, primarily due to quarterly fee billings and seasonal tax payments—a normal pattern for April. These balances drive net interest income, so the year-over-year stability is constructive. Management noted strong investment banking pipelines, though acknowledged continued uncertainty around deal closing timing, a common theme in capital markets. Overall, the metrics point to healthy organic growth across the wealth management platform.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
Raymond James disclosed April 2026 operating data via press release under Regulation FD.
Added in current filing · verify on EDGAR →
On May 20, 2026, Raymond James Financial, Inc. (the “Company”) issued a press release to disclose its operating data for April 2026.
The company publicly released operating metrics for April 2026 through a Regulation FD press release. The 8-K itself does not contain the actual operating data — that information is in the attached press release exhibit. This is a routine monthly disclosure practice for financial services firms to provide investors with interim performance updates between quarterly earnings reports.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
PCG fee-based assets increased 28% year-over-year and 7% over the preceding month.
Private Client Group assets in fee-based accounts grew to $1,121.4 billion, up 28% year-over-year and 7% month-over-month. Fee-based assets generate recurring revenue streams and their growth indicates successful client acquisition and retention in higher-margin advisory accounts.
Added in current filing · view on EDGAR →
The investment banking pipelines and client activity levels remain strong, but the timing of closings continues to be uncertain.
Management noted that investment banking pipelines and client activity remain strong, though deal closing timing remains uncertain. This suggests potential future revenue opportunities but acknowledges execution risk in the capital markets business.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 26, 2026 · How we verify