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August 20, 2014
16:26 EDTRJFRaymond James reports July commissions and fees up 18.1% to $285.1M
Total securities commissions and fees of $285.1M increased 18.1% over last yearís July and 3.8% over the preceding month. An increase in the Private Client Group was driven primarily by strong growth of assets in fee-based accounts, which are billed based on balances at the beginning of the quarter. In the Capital Markets segment, an uptick in market volatility and an active underwriting calendar in July resulted in a robust increase in institutional equity commissions, which was almost completely offset by continued declines in institutional fixed income commissions. Client assets under administration of $473.4B grew 13.3% over the prior yearís July but declined 1.2% during the month, as the S&P 500 dropped 1.5% in July. Similarly, financial assets under management of $64B increased 16.4% over the prior yearís July but declined 2% during the month.
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March 2, 2015
17:14 EDTRJFRaymond James to acquire Cougar Global Investments
Raymond James Financial announced that it had reached a definitive agreement to acquire Cougar Global Investments ., a Toronto, Canada-based asset manager, subject to approval by Canadian regulators. As a result of this transaction, Raymond Jamesí wholly owned subsidiary Eagle Asset Management expects to offer Cougarís global asset allocation strategies to Eagle clients worldwide. Founded in 1993, Cougar Global is a global asset-allocation ETF strategist that markets its investment services to high-net-worth individuals, families, foundations, trusts and institutions in Canada and the United States. As of Dec. 31, Cougar had more than $1B in assets under management.
February 18, 2015
07:11 EDTRJFEnerCom to hold a conference
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