The funds raised will be used for working capital and for general corporate purposes, the organization said yesterday.

Raymond James Financial has closed its capital-raising of $500 million via a public offering of senior notes, carrying a rate of 4.650 per cent. The notes fall due on April 1, 2030.

The Florida-based group has, as regularly reported here, been adding swathes of RIAs and other breakaway wealth management shops under its umbrella. It operates in North America, continental Europe, and the UK.

As previously reported, last year the firm reported that it had logged record net income of $265 million in the three months to the end of September 30. When a goodwill impairment associated with its Canadian capital markets business was taken into account, adjusted quarterly net income was $284 million.

For the 12 months to end September – the firm’s financial year – it logged record net revenues of $7.74 billion, up by 6 per cent, and record net income of $1.03 billion, rising by 21 per cent.