RJF · 10-Q · 2026Q2 · Full report

Distribution Channels

RAYMOND JAMES FINANCIAL INC · 2026-08-05 · Importance 65 · Surprise 48

Raymond James expanded its RIA and custody services (RCS) channel, with RCS client assets reaching $251.3 billion as of June 30, 2026, up from $201.6 billion a year earlier. RCS fee-based assets increased to $220.1 billion from $173.9 billion over the same period. Some of the growth reflects transfers from other Raymond James financial advisor channels, indicating continued channel migration toward the RCS platform. The company expects additional transfers but does not expect them to significantly affect operating results based on recent experience.

Key facts

• As of June 30, 2026, RCS-affiliated assets included in PCG AUA: $251.3 billion, of which $220.1 billion were assets in fee-based accounts source