Raymond James Financial, Inc. (NYSE:RJF) Q4 2023 Earnings Conference Call October 25, 2023 5:00 PM ET

Company Participants

Kristina Waugh - Senior Vice President, Investor Relations

Paul Reilly - Chair and Chief Executive Officer

Paul Shoukry - Chief Financial Officer

Conference Call Participants

Dan Fannon - Jefferies

Kyle Voigt - KBW

Benjamin Rubin - UBS

Steven Chubak - Wolfe Research

Mark McLaughlin - Bank of America

James Mitchell - Seaport Global

Devin Ryan - JMP Securities

Michael Cyprys - Morgan Stanley

Kristina Waugh

Good afternoon, and welcome to Raymond James Financial's Fourth Quarter and Fiscal 2023 Earnings Call. This call is being recorded, and will be available for replay on the company's Investor Relations Web site.

I am Kristie Waugh, Senior Vice President of Investor Relations, and thank you for joining us today. With us on the call today are Paul Reilly, Chair and Chief Executive Officer; and Paul Shoukry, Chief Financial Officer. The presentation being reviewed today is available on our Investor Relations Web site. Following the prepared remarks, the operator will open the line for questions.

Calling your attention to slide two, please note certain statements made during this call may constitute forward-looking statements. These statements include, but are not limited to, information concerning future strategic objectives, business prospects, financial results, anticipated timing and benefits of our acquisitions and our level of success integrating acquired businesses, divestitures, anticipated results of litigation and regulatory developments or general economic conditions. In addition, words such as may, will, could, anticipates, expects, believes or continue or negative of such terms or other comparable terminology, as well as any other statement that necessarily depends on future events are intended to identify forward-looking statements.

Please note that there can be no assurance that actual results will not differ materially from those expressed in these statements. We urge you to consider the risks described in our most recent Form 10-K and subsequent Forms 10-Q and Forms 8-K, which are available on our Investor Relations Web site.

During today's call, we will also use certain non-GAAP financial measures to provide information pertinent to our management's view of ongoing business performance. A reconciliation of these non-GAAP measures to the most comparable GAAP measures may be found in the schedules accompanying our presentation and press release.

Now, I'll turn the call over to Chair and CEO, Paul Reilly. Paul?

Paul Reilly

Good evening and thank you for joining us today. I've spent a lot of time in these last few weeks in front of our advisors. First, traveling with our top-producing independent advisors on a great trip, great to see the success in their business and the positive nature of how they feel about the firm. And then, attending our RCF Conference, our RIA division and clearing firm. Again, that division is over 10% of our private client group assets now. And it's great to see the growth and the enthusiasm there also.