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