Raymond James CEO Urges Caution as Private Assets Lure Investors

As investors flock to private assets, wealth-management advisers need to be cautious in making sure such often-riskier investments align with the financial goals of their clients, Raymond James Financial Inc. Chief Executive Officer Paul Shoukry said.

“What ‘private markets’ means has expanded dramatically just in the last three to five years,” Shoukry said in a Bloomberg Television interview Wednesday. “We want to make sure, first and foremost, that any investment that advisers sell to their clients make sense for their clients and their positions.”

WATCH: Raymond James Financial CEO Paul Shoukry urges caution with private markets.

Source: Bloomberg

Raymond James last month reported record net revenue of $14.07 billion for fiscal 2025, with ...