Raymond James Reports 10% YoY Increase in Client Assets Under Administration

Raymond James Financial reported a 10% YoY increase in client assets under administration in July 2025, driven by higher equity markets and net asset inflows. Despite a 2% decline in domestic cash sweep and Enhanced Savings Program balances, the company noted robust advisor recruiting activity and a strong investment banking pipeline. Analysts rate RJF stock as a Buy with a $185 price target, reflecting strong financial performance and positive earnings call outlook.

Raymond James Financial (NYSE: RJF) reported a notable 10% year-over-year (YoY) increase in client assets under administration for July 2025, reaching a record $1.65 trillion. This growth was primarily driven by higher equity markets and net asset inflows, according to the company's latest announcement [1].

Despite a 2% decline in domestic cash sweep and Enhanced Savings Program balances, Raymond James noted robust advisor recruiting activity and a strong investment banking pipeline, indicating positive operational momentum [2]. The company's CEO, Paul Shoukry, attributed the sequential decline in domestic cash sweep balances to quarterly fee billings, partially offset by net inflows.

Analysts remain bullish on RJF stock, rating it as a Buy with a $185 price target. This positive outlook is supported by the company's strong financial performance and a positive earnings call outlook, despite some cash flow challenges [2]. The recent addition of three experienced financial advisors to its independent advisor channel further underscores Raymond James' commitment to growth and client service [3].

References:
[1] https://seekingalpha.com/news/4487694-raymond-james-financial-aua-edges-up-1-percent-m-m-in-july
[2] https://www.tipranks.com/news/company-announcements/raymond-james-reports-july-2025-operating-data
[3] https://www.stocktitan.net/news/RJF/raymond-james-welcomes-massachusetts-advisors-managing-over-120-rbmbkafjqmp6.html