“Securities commissions and fees were up 16% [in November] over last year and 2% over the previous month driven by the private client group,” said CEO Paul Reilly in a press release.
Private-client revenues grew by $24.3 million to $172 million vs. $147.7 million last November. They moved up $3.8 million from October.
Assets expanded year over year by $24.4 billion to more than $253 billion, but dropped by $700,000 in November from the previous month.
“Although down slightly [from October], client assets under administration remained near record levels at $253.4 billion and assets under management grew to $31.6 billion.