Raymond James Financial (RJF) reported client assets under administration rose 22% to a record $1.87 trillion in April from a year earlier, driven by higher equity markets and net asset inflows.
Investment banking pipelines and client activity levels remain strong, though "the timing of closings continues to be uncertain," the company said Wednesday in a statement.
Cash sweep and Enhanced Savings balances were $55.6 billion, unchanged from a year earlier and 4% lower than March on quarterly fees and tax payments.
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