Raymond James (RJF) advisors helped the company boost its fees and commissions to close to $250 million, a jump of 8% from its July results and 31% over year-ago results, the company said late Wednesday.
“August showed solid operating metrics in most of our businesses,” said CEO Paul Reilly (left) in a press release.
The company noted that its 8% month-over-month increase “compares well to the S&P 500 index, which was up 2% in August, [and ] the Private Client Group and Fixed Income were responsible for the growth in this area.”
Raymond James’ assets under administration grew to $383 billion, up 1% from July. Assets under management expanded 2% to $42 billion. In addition, bank loans expanded 1% in August to $8 billion.