Core Insights - Raymond James Financial, Inc. reported record client assets under administration of $1.69 trillion, reflecting a 10% year-over-year growth and a 2% increase from the previous month, driven by higher equity markets and net asset inflows [2][4] - The company continues to experience strong advisor recruiting, although clients' domestic cash sweep and Enhanced Savings Program balances decreased by 4% year-over-year and 1% sequentially, totaling $54.2 billion [2][3] - The investment banking pipeline remains robust, indicating ongoing opportunities for growth in this segment [2] Operating Data Summary - Client assets under administration reached $1,688.5 billion as of August 31, 2025, up 10% from $1,535.3 billion a year ago and up 2% from $1,653.4 billion in July 2025 [3] - Private Client Group assets under administration were $1,626.1 billion, reflecting a 10% increase year-over-year and a 2% increase month-over-month [3] - Private Client Group assets in fee-based accounts grew to $978.9 billion, marking a 14% year-over-year increase and a 2% increase from the previous month [3] - Financial assets under management totaled $270.0 billion, up 12% year-over-year and 2% month-over-month [3] - Net bank loans increased to $50.2 billion, representing a 10% year-over-year growth and a 1% increase from July 2025 [3] - Clients' domestic cash sweep and Enhanced Savings Program balances decreased to $54.2 billion, down 4% year-over-year and 1% sequentially [3]