{"id":22660,"date":"2024-10-24T01:33:58","date_gmt":"2024-10-24T01:33:58","guid":{"rendered":"https:\/\/www.thinkadvisor.com\/2024\/10\/23\/raymond-james-tops-estimates-adds-75-reps-in-latest-quarter\/"},"modified":"2024-10-24T01:33:58","modified_gmt":"2024-10-24T01:33:58","slug":"raymond-james-tops-estimates-adds-75-reps-in-latest-quarter","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2024\/10\/24\/raymond-james-tops-estimates-adds-75-reps-in-latest-quarter\/","title":{"rendered":"Raymond James Tops Estimates, Adds 75 Reps in Latest Quarter"},"content":{"rendered":"<div class=\"media_block\"><a href=\"https:\/\/feeds.feedblitz.com\/-\/905156654\/0\/thinkadvisor.jpg\"><img decoding=\"async\" src=\"https:\/\/feeds.feedblitz.com\/-\/905156654\/0\/thinkadvisor.jpg\" class=\"media_thumbnail\"><\/a><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2024\/09\/05_Raymond_James_Sign_640x640.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<div data-v-3faa61c9 readability=\"10\">\n<p><span>In the U.S., net new assets were $13.0 billion in the fiscal fourth quarter, representing an annualized growth rate of 4.0%.&nbsp;<\/span><\/p>\n<\/div>\n<div data-v-3faa61c9 readability=\"9\">\n<p><span>Total domestic cash sweep and related balances were $57.9 billion, up 3% over the prior year&#8217;s fiscal fourth quarter.<\/span><\/p>\n<\/div>\n<div data-v-3faa61c9 readability=\"9\">\n<p><span>The unit&#8217;s net revenues grew 9% from a year ago to $2.48 billion in the latest quarter, but its pre-tax income of $461 million was down 3%.<\/span><\/p>\n<\/div>\n<div data-v-3faa61c9 readability=\"12\">\n<p><span>For the full fiscal year, private client net revenues were $9.46 billion, a jump of 9% over 2023 fiscal year, and pre-tax income was $1.79 billion, up 1%.<\/span><\/p>\n<\/div>\n<div data-v-3faa61c9 readability=\"14\">\n<p><span>&#8220;In the fiscal year, we generated domestic net new assets of $60.7 billion<\/span><span>, <\/span><span>a growth rate of 5.5%, as we remain focused on retaining, supporting and attracting high-quality financial advisors across our multiple affiliation options,&#8221; Reilly said.<\/span><\/p>\n<\/div>\n<div data-v-3faa61c9 readability=\"13\">\n<p><span>One day ahead of its earnings news, Raymond James said it added a team that includes five advisors, who previously managed roughly $1 billion with Merrill Lynch, to its employee channel in Williamsville, New York. <\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In the U.S., net new assets were $13.0 billion in the fiscal fourth quarter, representing an annualized growth rate of 4.0%.&nbsp; Total domestic cash sweep and related balances were $57.9 billion, up 3% over&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":22661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2024\/10\/raymond-james-tops-estimates-adds-75-reps-in-latest-quarter.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22660"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=22660"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22660\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/22661"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=22660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=22660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=22660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}