Raymond James reported record client assets under administration of $1.97 trillion for August, up 16% year-over-year and 2% from July. Private Client Group fee-based accounts grew 21% YoY to $1.18 trillion, while financial assets under management surged 30% to $350.5 billion. Cash sweep and Enhanced Savings balances rose 6% YoY to $57.4 billion.
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