01—Abstract
Summary
Summary of the 8-K filed September 24, 2025. Cited figures are marked; the original filing is the authoritative source.
Raymond James Financial, Inc. (NYSE: RJF) filed a Current Report on Form 8-K on September 24, 2025, furnishing under Item 7.01 (Regulation FD Disclosure) a press release reporting its selected operating data for August 2025.
The company states that the data is provided to give investors timely information on monthly developments in key metrics, and that due to the limited nature of the data, a consistent correlation to earnings should not be assumed. CEO Paul Shoukry described record client assets under administration of $1.69 trilliona, up 10% year-over-year and 2% from the prior month, driven primarily by higher equity markets and net asset inflows. He also noted that advisor recruiting remains strong and that the investment banking pipeline continues to be robust.
Client assets under administration were $1,688.5 billionb at August 31, 2025, versus $1,535.3 billion a year earlier and $1,653.4 billion at July 31, 2025. Other metrics moved in the same direction on the period-over-period comparisons shown. Private Client Group assets under administration reached $1,626.1 billion, fee-based account assets were $978.9 billion (up 14% year-over-year), and financial assets under management were $270.0 billion (up 12%).
Bank loans, net, were $50.2 billionc (up 10%). Clients' domestic cash sweep and Enhanced Savings Program balances were $54.2 billion, down 4% year-over-year and down 1% sequentially.
02—Key points
Key Highlights
- Client assets under administration reached a record $1,688.5 billion at August 31, 2025, up 10% year-over-year and 2% from July 31, 2025.
- Private Client Group assets in fee-based accounts were $978.9 billion, up 14% year-over-year and 2% from the prior month.
- Financial assets under management rose to $270.0 billion, up 12% year-over-year and 2% sequentially.
- Bank loans, net, were $50.2 billion, up 10% year-over-year and 1% from July 31, 2025.
- Clients' domestic cash sweep and Enhanced Savings Program balances declined to $54.2 billion, down 4% year-over-year and 1% sequentially.
- Management attributed asset growth primarily to higher equity markets and net asset inflows, and said advisor recruiting remains strong and the investment banking pipeline is robust.
- The company cautioned that the monthly data is limited in nature and a consistent correlation to earnings should not be assumed.
03—Questions
Frequently Asked Questions
What did Raymond James disclose in this 8-K filing?
The company furnished a press release under Item 7.01 reporting selected operating data for August 2025, intended to give investors timely information on monthly developments in key performance metrics. The information is furnished rather than filed for Section 18 purposes.
How much client assets did Raymond James have under administration at the end of August 2025?
Client assets under administration were $1,688.5 billion at August 31, 2025, described by management as a record. This compares with $1,535.3 billion a year earlier and $1,653.4 billion at July 31, 2025.
What drove the growth in client assets?
CEO Paul Shoukry attributed the growth primarily to higher equity markets and net asset inflows, and noted that advisor recruiting remains strong.
How did client cash balances trend?
Clients' domestic cash sweep and Enhanced Savings Program balances were $54.2 billion, down 4% year-over-year from $56.3 billion and down 1% from $54.8 billion at July 31, 2025.
Should investors expect this monthly data to track directly with quarterly earnings?
No. The company states that, due to the limited nature of this data, a consistent correlation to earnings should not be assumed.
04—Continue