Annualised sales at the US independent broker-dealer have continued its rally by closing at another record high, facilitated by over 400 new users for the year.
Total sales of structured products at Raymond James in the US have increased by 44.6% year-on-year to US$8.1 billion in 2025, including US$7.9 billion in structured notes and US$259.0m in market-linked certificates of deposits (MLCDs). The first quarter saw the strongest momentum accounting for US$2.6 billion, or 30.9% of the annual volume, before sales rebounded from US$1.8 billion and US$1.6 billion to US$2.1 billion in the final quarter. “The structured notes market is kind of a