Among the details, private client group assets under administration rose 6 per cent on a year before to $1.48 trillion; fee-based assets rose 9 per cent.

Raymond James, the wealth management group operating in several jurisdictions, yesterday reported three-month (to end-March) net revenues of $3.4 billion, down 4 per cent year-on-year but rising 9 per cent from the previous quarter. 

Quarterly net income available to common shareholders stood at $493 million, rising 4 per cent on a year earlier; on an adjusted basis, it was $507 million, up 3 per cent, it said in a statement yesterday. 

Client assets under administration of $1.54 trillion and private client group assets in fee-based accounts of $872.8 billion, up 6 per cent and 9 per cent, respectively, over March 2024.

The St Petersburg, Florida-based firm said it bought back $250 million of common stock during the fiscal second quarter; it repurchased an additional $190 million of shares in April 2025. 

“Financial advisor recruiting activity remains strong across all of our affiliation options, reflecting the attractiveness of our unique advisor- and client-focused culture coupled with leading capabilities enabling advisors to provide high-quality financial advice to their clients,” CEO Paul Shoukry, said.

“The investment banking pipeline remains robust, although the timing of closings has been impacted by the macroeconomic uncertainty associated with tariff negotiations,” he said. 

Private client group
The firm said private client group quarterly net revenues were $2.49 billion, rising by 6 per cent from a year earlier. Quarterly pre-tax income, at $431 million, dipped 3 per cent.

Private client group assets under administration of $1.48 trillion, rising by 6 per cent on a year before. Assets in fee-based accounts were $872.8 billion, rising 9 per cent on a year before. Domestic private client group net new assets were $8.8 billion.

Capital markets
Quarterly net revenues were $396 million, up 23 per cent on a year earlier.

Asset management
Quarterly net revenues stood at $289 million, Raymond James said, rising 15 per cent on a year before.

In the banking side of the firm, it logged quarterly net revenues of $434 million, rising 2 per cent on a year before.