Raymond James Financial reported record fourth quarter profits, up 16% year-over-year, driven in part by strong performance in its private client group.
"It was a great quarter to close out a great year," CEO Paul Reilly told analysts during a conference call. "I am extremely grateful to all our associates and advisors for their hard work to produce these results. I think this validates our acquisition with Morgan Keegan a few years ago and with the foundation that [chairman] Tom James built."
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