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Raymond James in the News

Excerpts from business press reports

08/25/08 The Other Surprise in Tampa Bay
Barrons

Raymond James had a top showing in Barron's most recent ranking of brokers' stock recommendations. Read more about the results in this article.

For the twelve months ended June 30th 2008, Raymond James recommended 61 securities through its Focus List. Of these 28 advanced and 33 declined. Performance includes dividends and a 1% trading commission on additions and deletions. The Focus List returned -2.9% during this period, where as the S&P 500 returned -13.1%. The S&P 500 is an unmanaged index of 500 widely held stocks. Investors cannot invest directly in an index. Individual results will vary and an investor would incur commissions (and interest charges if transacted in a margin account) to transact these recommendations. A complete record of all Focus List recommendations during this period is available upon request. The results presented should not and cannot be viewed as an indicator of future performance. The market value of securities fluctuates and investors may incur profits or losses.

Raymond James & Associates (RJA) makes a NASDAQ market in the shares of Pharmaceutical Product Development. RJA co-managed a follow-on offering of WLT shares in June 2008. The returns for Continental Resources were extraordinary and not likely to be duplicated in the future. The closing prices on Friday August 29, 2008 for the stocks recommended by Raymond James which were mentioned in the article were: CLR $50.17; PPDI $40.80; WLT $93.80.

07/30/08 Raymond James tops client satisfaction rankings
Reuters

Read more about the J.D. Power and Associates 2008 Full Service Investor Satisfaction StudySM in this article.

07/22/08 Raymond James profit up 2 pct, commissions rise
Reuters

Raymond James reported a 2 percent increase in quarterly profit on Tuesday. Read more about the third quarter earnings in this article.

07/22/08 CNBC Interview with Raymond James Chairman and CEO Tom James
Closing Bell

Raymond James Financial, Inc. Chairman and CEO Tom James discusses earnings and the current economic climate in this video interview on CNBC.

07/01/08 A Stock and a Hard Place
FloridaTrend.com

St. Petersburg brokerage Raymond James had virtually no exposure to the subprime mortgage market. Chairman and CEO Tom James elaborates in this article.

06/30/08 Voice of IT Management
Computerworld

Raymond James is listed as a top workplace for information technology professionals in IDG’s Computerworld publication.

06/20/08 The Perfect Fit – The Key to Find the Right Broker
SmartMoney

SmartMoney Ranks Raymond James No. 1 Among Full-Service Brokers

06/18/08 Raymond James lands Merrill star as co-CEO
globeandmail.com

 

06/07/08 Angela Biever: Back at Raymond James, with inside view
Tampabay.com

 

04/22/08 CNBC Interview with Raymond James Chairman and CEO Tom James
Closing Bell

Raymond James Financial, Inc. Chairman and CEO Tom James discusses earnings and Raymond James’ position in the marketplace in this video interview on CNBC.

04/04/08 Raymond James: On Solid Ground
Kiplinger.com

The credit crunch and the Bear Stearns bailout have given all brokerages a black eye. The cloud of investor doubt unfairly hangs over at least one firm, Raymond James Financial.

03/23/08 Raymond James No Bear Stearns
St Petersburg Times

Could Raymond James Financial become another Bear Stearns? Highly unlikely, chairman Tom James, above, said last week in a reassuring podcast recorded for employees and customers (listen to it at www.raymondjames.com). Bear Stearns agreed to sell itself to JPMorgan Chase, heading off bankruptcy. "The business model that we have is simply not comparable at all to Bear Stearns," James said. "I'm very confident that we will continue to be profitable." He said Raymond James is conservatively run and has avoided the subprime mortgage mess that has hurt many other financial companies.

Past performance is not indicative of future results. The data provided above is for informational purposes only and is not a solicitation to buy or sell Raymond James Financial stock. Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. are affiliated with Raymond James Bank, FSB, member FDIC, a federally chartered savings bank. Products, terms and conditions subject to change. Subject to standard credit criteria. Property insurance required. Flood insurance may be required. Raymond James Bank, Member FDIC.

03/12/08 Raymond James Boosts Buyback
Tampa Bay Business Journal

The board of directors of Raymond James Financial Inc. has authorized an additional $75 million for repurchases of the company's stock.

03/06/08 CEOs Provide Outlook from the Top
Tampa Tribune

Tom James developed his conservative outlook for contending with poor national economies during the recession of the early 1970s, soon after he took over at age 27 the company his father created -- Raymond James Financial. James retains the same conservative strategy to deal with today's gloomy economy, although he has grown the company his father started in 1962 with $20,000 in assets into one with client assets of $220 billion.

02/29/08 Rockin’ Retirees
St Petersburg Times

02/22/08 Raymond James Bank CFO Roberts emphasizes honesty, candor
Tampa Bay Business Journal

Rapid growth at Raymond James Bank has put a spotlight on the work handled by CFO Ann Roberts and her team.

02/21/08 Raymond James plays matchmaker in Home Health Deal
Tampa Bay Business Journal

02/15/08 Market conditions force adaptation at Raymond James
Tampa Bay Business Journal

A slow market for public equity offerings has eaten into the bottom line at Raymond James Financial Inc. as one of the Bay area's largest public companies works to diversify and adjust based on the impacts of a down economy.

01/16/08 Raymond James gets control of surveillance firm
Tampa Bay Business Journal

Raymond James Financial Inc. became the majority owner of Law Enforcement Associates Inc. through the acquisition of Sirchie Finger Print Laboratories Inc. Raymond James, on behalf of its merchant banking subsidiary, Raymond James Capital Inc., bought controlling interest in Sirchie, a Youngsville, N.C.-based firm, and several related companies, according to a release.

01/02/08 A Great Stock Picks List
Kiplinger’s

Pay attention to this one from Raymond James because it has a solid history of beating the market.

The “28 percentage points” mentioned in the article represents annual average Best Picks total return performance minus the comparable S&P 500 performance, for 1998 through the close of December 6, 2007. Since 1996 at total of 129 stocks have been recommended through this list. Of this total 92 advanced and 37 declined within the recommended holding period. The holding period for each year's list is approximately 55 weeks from the inception date to 12/31 of the following year. An investor would incur commissions (and interest charges if transacted in a margin account) to transact these recommendations. The results presented should not and cannot be viewed as an indicator of future performance. Individual results will vary and transaction costs related to investing in these stocks will affect overall performance. There is no assurance that the list will achieve the results expected and investors may incur profits or losses. The S&P is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. Stock Market. A complete record of all Analysts' Best Picks since 1996 is available upon request. Raymond James & Associates makes a NASDAQ market in the shares of NVDA and RYAAY.

12/28/07 Raymond James Trust goes national
Tampa Bay Business Journal

The Office of the Comptroller of the Currency approved a plan by Raymond James Trust Co. to convert its charter to a national trust charter. Effective Jan. 1, Raymond James Trust Co. will be known as Raymond James Trust N.A.

12/26/07 Commissions, fees gain at Raymond James
Tampa Bay Business Journal

Commission and fee revenue at Raymond James Financial Inc. was up 23 percent in November compared to the same month a year earlier. The gains reflected a surprisingly high activity level, the firm said in a release.

12/26/07 Raymond James Takes top Spot in market Value
St Petersburg Times

12/21/07 Raymond James nominates two women to board
Tampa Bay Business Journal

12/18/07 CEO Tom James Provides Subprime Perspective
PBS Nightly Business Report

Tom James appeared on the PBS Nightly Business Report Tuesday, December 18. In the interview he discussed the subprime industry meltdown, how Raymond James fared and the firm’s commitment to staying independent.

12/04/07 Tom James named to top post in statewide corporate organization
Tampa Bay Business Journal

The Florida Council of 100, a private, nonprofit, nonpartisan organization of Florida business leaders, has new leadership. Tom James, chairman and chief executive officer of Raymond James Financial (NYSE: RJF), is its chairman.

11/28/07 Raymond James names insurance executive to its board
Tampa Bay Business Journal

11/06/07 Record Revenue at Raymond James
InvestmentNews

Raymond James Financial Services Inc. of St. Petersburg, Fla., has surpassed $1 billion in revenue for its fiscal year that ended in September, making it only the second independent-contractor broker-dealer to reach that level.

10/26/07 Merged banks tap Raymond James as brokerage
The Business Journal of the Greater Triad Area

With the final stages of their merger drawing down, officials from the former Lexington State Bank and FNB Southeast have settled on a key service provider for the new combined financial institution, NewBridge Bancorp. Raymond James Financial will handle brokerage services for NewBridge Bank Investment and Trust.

10/25/07 Raymond James Honored with “Best Practices in Storage” Award
Associated Press Financial News

Raymond James Financial, Inc. has been recognized by IDG’s Computerworld and the Storage Networking Industry Association as the Fall winner of the “Best Practices in Storage” award for “Storage Reliability and Data Recovery.”

10/23/07 CNBC Interview with Raymond James Chairman and CEO Tom James
Closing Bell

Raymond James Financial, Inc. Chairman and CEO Tom James discusses record fourth quarter earnings and the company’s commitment to staying independent on CNBC’s “Closing Bell”.

10/23/07 Private client services, investment banking drive gains at Raymond James
Tampa Bay Business Journal

Raymond James Financial said net income for the fourth quarter was $63 million, or 53 cents a share, a 24 percent increase from the same period in 2006.

09/19/07 Black Monday – its memory hasn’t faded
St. Petersburg Times

Summary: Those who were there, including Raymond James’ Chairman & CEO Tom James, recall the shock, and the lessons learned.

09/14/07 Raymond James banks on law enforcement
Tampa Bay Business Journal

Raymond James Capital Inc. said it has definitive agreements to buy the business of Sirchie Finger Print Laboratories and related assets and companies.

08/20/07 Raymond James Bank rakes in the profits
Investment News

Summary: With assets increasing, Raymond James Bank is beginning to have an effect on the results of parent company Raymond James Financial Inc.

08/03/07 Raymond James to bolster VC position
Tampa Bay Business Journal

Ballast Point Ventures, the venture capital arm of RJF, is likely to roll out second fund for institutional and high net worth clients

07/25/07 Raymond James sees opportunity in Wachovia-Edwards deal
Tampa Bay Business Journal, by Margie Manning

The planned purchase of A.G. Edwards Inc. is a great opportunity for Raymond James Financial Inc., according to chairman and chief executive. Tom James.

07/25/07 Banking boosts Raymond James earnings
Tampa Bay Business Journal

Raymond James Financial Inc. said net income for the company’s fiscal third quarter ended June 30 was $68.4 million, or 57 cents a share, compared to net income of $56.8 million, or 48 cents a share, in the same period a year ago.

06/04/07 Raymond James subsidiary forms photo services firm
Tampa Bay Business Journal

Raymond James Capital Inc. has partnered with Friend Skoler & Co. Inc. to form Event Photography Group Inc.

06/01/07 Wachovia deal lifts Raymond James, other brokers
SmartMoney.com

Following Wachovia/A.G. Edwards announcement, speculation about Raymond James as takeover target, put to rest by Chairman & CEO Tom James.

05/31/07 Raymond James Won‘t Hook Up
TheStreet.com

Raymond James CEO Tom James says his regional brokerage firm won’t be the next to fall in an industrywide consolidation wave.

05/31/07 Raymond James: Company Committed To Staying Independent
The Wall Street Journal

NEW YORK (Dow Jones)--Raymond James Financial Inc.'s (RJF) chief executive said the firm remains committed to staying independent in the wake of a merger announced by rival A.G. Edwards Inc. (AGE).

05/10/07 Suncoast Business Forum with Tom James
WEDU

Tom talks about the history of our firm and commitment to AdvisorChoice.

03/05/07 “Raymond James among Business Week’s Customer Service Champs”
BusinessWeek

BusinessWeek’s March 5, 2007 issue ranks Raymond James on its list of “client-pleasing brands.” Using J.D. Power & Associates rankings and reader surveys, Raymond James comes in ahead of heavyweights Porsche and Apple.

12/20/06 “SIFMA Elects Directors”
Investment Advisor

The Securities Industry and Financial Services Association (SIFMA), announced December 20 that it has elected a Board of Directors, the same slate that was proposed at the November SIFMA Launch in Boca Raton, Florida, and nominated officers for whom it is expected that the Board will vote at its meeting in January. The directors who are nominated for two-year terms that will end in 2008 include: ...Chet Helck, president & COO, Raymond James and Associates, Inc...

11/26/06 “Its humble home hides a big-time bank”
Helen Huntley
St. Petersburg Times

Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. are affiliated with Raymond James Bank, FSB, member FDIC, a federally chartered savings bank. Unless otherwise specified, products purchased from or held at affiliated Raymond James Financial, Inc. companies are not insured by the FDIC, are not deposits or other obligations of Raymond James Bank, FSB, are not guaranteed by Raymond James Bank, FSB and are subject to investment risks, including possible loss of the principal invested.

10/29/06 “Where Quality Counts”
Christina Rexrode
St. Petersburg Times

When it comes to taking care of their employees, Raymond James Financial and Publix Super Markets must be doing something right. Last month, the St. Petersburg Times asked more than 200 Tampa Bay business leaders which local companies stand out for their quality work force. Though no company dominated the answers, the St. Petersburg investment firm and the Lakeland grocery chain kept coming up.

10/25/06 Raymond James 4th-Quarter Profit Up
Associated Press

Raymond James Financial Inc., which provides investment and financial-planning services, said Wednesday fiscal fourth-quarter profit grew 14 percent, aided in part by higher bank profits. Net income for the quarter ending Sept. 30 totaled $50.9 million, or 44 cents per share, compared with a profit of $44.7 million, or 39 cents per share, during the same period last year.
The corporate earnings release was also covered by the Tampa Bay Business Journal, marketwatch.com, knobias.com and thestreet.com on October 25, 2006.

09/29/06 “Raymond James Financial, Inc. Joins NAMWOLF as Corporate Partner and Corporate Sponsor”
PR Web Newswire

The National Association of Minority and Women Owned Law Firms (NAMWOLF) is pleased to announce that Raymond James Financial, Inc. has become a corporate partner and corporate sponsor of the Association.

09/27/06 “Raymond James says August commissions up 8 pct”
Reuters

NEW YORK, Sept 26 (Reuters) - Raymond James Financial Inc. said on Tuesday that securities commissions in August rose to $115.8 million, an 8 percent increase from August 2005's $107.2 million. The firm's assets under management in August rose to $31.6 billion, up from $27.1 billion a year ago. Total customer assets under administration were $176.7 billion, up from $146.7 billion a year before. The higher commission revenues came in a month with more business days - 23 in August 2006 compared with 20 in August 2005. On a per day basis, commission revenue was higher in August 2005.

09/12/06 “Raymond James to Bolster Recruiting Effort”
Reuters

Raymond James Financial Services Inc. said on Tuesday it plans to expand broker recruiting and boost revenue after naming William Van Law as the company's national director of business development.

09/12/06 “Raymond James Names New Recruiting Chief”
Investment News

The number two independent contractor broker-dealer in terms of gross revenue tapped Bill Van Law, a divisional director in recruiting for Raymond James & Associates, to lead its recruiting efforts, according to a company official.

07/10/06 “A Cheaper Annuity: Is Raymond James's new cap on fees the start of a trend in variable annuities?
Elizabeth O'Brien
Financial Planning

07/10/06 “Annual Study Rates the Best Brokers ”
Business Week

06/16/06 “Raymond James Offers Annuity Restructuring”
WebCPA.com

06/01/06 “Independent Broker-Dealers Going Independent”
Ellen Uzelac
Research Magazine

06/01/06 “Life After Tom”
John Churchill
Registered Rep

05/20/06 “Raymond James Packages its Top Picks”
Helen Huntley
St. Petersburg Times

05/01/06 “Master Builders of RJA” (PDF)
Elizabeth Wine
On Wall Street Magazine

05/01/06 “The IA 25: Making the Future Happen”
Kate McBride
Investment Advisor

04/30/06 “Special Report The Best Brokerage Analysts”
Paul Murdock
Forbes

04/26/06 “Stock exchange deals boost profit at Raymond James”
Tampa Bay Business Journal

04/14/06 “Brokerage firms encourage reps to earn certified financial planner status”
Susan Ladika
Tampa Bay Business Journal

Raymond James is active in encouraging its advisors to advance their studies.

04/06/06 “PRACTICE MANAGEMENT: Firms Usher Advisors Into Retirement”
Kristen McNamara
Dow Jones

In the Dow Jones article “PRACTICE MANAGEMENT: Firms Usher Advisors Into Retirement,” Kristen McNamara wrote that Raymond James Financial Inc. (RFJ) assists independent advisors affiliated with it to sell their practices to advisors both inside and outside the company. Ameriprise and Raymond James also let advisors decide whether they want to be full-time employees or independents affiliated with the firm and allow advisors to change their affiliations throughout their careers. Such flexibility is meant to keep advisors in house.

“What we have done through Advisor Choice, we’re trying to do everything we can to maintain the greatest retention level we possibly can,” Dennis Zank, president of the Raymond James & Associates unit says, referring to the affiliation options the firm offers. “It makes no sense to absorb all of the fractional cost of bringing people on board if they're going to go out the back door as fast as you're bringing them on board.”

04/03/06 “James to head national financial services group”
Tampa Bay Business Journal

Thomas James, chairman and chief executive of Raymond James Financial, has been selected as chairman-elect for The Financial Services Roundtable.

04/01/06 “Who PICKS the Best Stocks” (PDF)
David Landis
Kiplinger's

Raymond James is ranked near the top for stock picking versus its competitors in this article from Kiplinger's.

Raymond James & Associates, Inc. member New York Stock Exchange / SIPC and Raymond James Financial Services, Inc. member FINRA / SIPC are subsidiaries of Raymond James Financial, Inc.