Within the U.S., web new belongings have been $13.0 billion within the fiscal fourth quarter, representing an annualized progress charge of 4.0%.
Complete home money sweep and associated balances have been $57.9 billion, up 3% over the prior 12 months’s fiscal fourth quarter.
The unit’s web revenues grew 9% from a 12 months in the past to $2.48 billion within the newest quarter, however its pre-tax revenue of $461 million was down 3%.
For the complete fiscal 12 months, personal consumer web revenues have been $9.46 billion, a bounce of 9% over 2023 fiscal 12 months, and pre-tax revenue was $1.79 billion, up 1%.
“Within the fiscal 12 months, we generated home web new belongings of $60.7 billion, a progress charge of 5.5%, as we stay centered on retaining, supporting and attracting high-quality monetary advisors throughout our a number of affiliation choices,” Reilly stated.
In the future forward of its earnings information, Raymond James stated it added a group that features 5 advisors, who beforehand managed roughly $1 billion with Merrill Lynch, to its worker channel in Williamsville, New York.
