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PETERSBURG, Fla. - In an ef) Tj ET Q q 0 0 0 rg BT 184.88 568.05 Td (fort to provide timely information to investors about general trends in our major business ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 557.20 Td (segments, we are releasing selected operating data for ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 271.13 557.20 Td (October 2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 325.67 557.20 Td (. Due to the limited nature of this data, a consistent ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 546.40 Td (correlation to earnings should not be assumed.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 524.80 Td (Ef) Tj ET Q q 0 0 0 rg BT 57.84 524.80 Td (fective with the firm) Tj ET Q q 0 0 0 rg BT 136.70 524.80 Td (s first fiscal quarter beginning October 1, 2018, Raymond James Financial, Inc. has reclassified certain ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 514.00 Td (revenues among income statement line items and renamed certain line items to conform with accounting changes related to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 503.20 Td (revenue recognition. While total securities commissions and fees is no longer an income statement line item, the associated ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 492.40 Td (metric is provided in this operating data release for informational purposes during the transition. ) Tj ET Q q 0 0 0 rg BT 433.21 492.40 Td (A) Tj ET Q q 0 0 0 rg BT 438.71 492.40 Td ( Form 8-K will be filed prior to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 481.60 Td (November 30, 2018 that will show prior period results in conformance with the new presentation. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 460.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.00 460.00 Td (otal securities commissions and fees of $403 million increased 1) Tj ET Q q 0 0 0 rg BT 309.46 460.00 Td (1% over October 2017 and 7% over September 2018. ) Tj ET Q q 0 0 0 rg BT 526.43 460.00 Td (The ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 449.20 Td (increase over October 2017 was primarily attributable to growth of Private Client Group assets in fee-based accounts, which are ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 438.40 Td (billed in advance based on balances at the beginning of the quarter) Tj ET Q q 0 0 0 rg BT 316.70 438.40 Td (. ) Tj ET Q q 0 0 0 rg BT 321.54 438.40 Td (The increase over September 2018 was driven by Private ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 427.60 Td (Client Group assets in fee-based accounts, which began the quarter 7% higher than the immediate preceding quarter) Tj ET Q q 0 0 0 rg BT 515.28 427.60 Td (, as well as ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 416.80 Td (a sequential increase in institutional commissions largely due to higher market volatility) Tj ET Q q 0 0 0 rg BT 394.00 416.80 Td (. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 395.20 Td (Client assets under administration of $753.2 billion increased 7% over October 2017 and declined 5% compared to September ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 384.40 Td (2018. Financial assets under management of $133.1 billion increased 35% over October 2017, helped by the Scout and Reams ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 373.60 Td (acquisition in November 2017, and declined 6% compared to September 2018. Client assets were negatively impacted by the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 362.80 Td (7% decline in the S&P) Tj ET Q q 0 0 0 rg BT 138.39 362.80 Td ( 500 Index in October) Tj ET Q q 0 0 0 rg BT 223.95 362.80 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 341.20 Td (Following a very strong month in September) Tj ET Q q 0 0 0 rg BT 228.08 341.20 Td (, investment banking revenues declined in October) Tj ET Q q 0 0 0 rg BT 429.71 341.20 Td (, which is not atypical, said ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 330.40 Td (Chairman and CEO Paul Reilly) Tj ET Q q 0 0 0 rg BT 172.38 330.40 Td (. However) Tj ET Q q 0 0 0 rg BT 217.90 330.40 Td (, we are still optimistic about our investment banking pipelines, particularly in M&A, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 319.60 Td (although the timing of closings are inherently dif) Tj ET Q q 0 0 0 rg BT 239.45 319.60 Td (ficult to predict. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 298.00 Td (Record net loans at Raymond James Bank of $19.6 billion were up 15% over October 2017 and 1% over September 2018. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 276.40 Td (During October and November) Tj ET Q q 0 0 0 rg BT 171.56 276.40 Td (, the firm repurchased approximately 2,765,000 shares of common stock for $213.6 million, or ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 265.60 Td (approximately $77.25 per share. ) Tj ET Q q 0 0 0 rg BT 180.91 265.60 Td (This, along with repurchases made during the fiscal fourth quarter) Tj ET Q q 0 0 0 rg BT 442.05 265.60 Td (, exhausts the current Board ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 254.80 Td (authorization of $250 million.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 223.60 Td (The Company believes that these reclassifications will better align with the performance obligations identified in connection with our adoption of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 214.00 Td (Accounting Standards Update \(ASU\) No. 2014-09, ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 230.49 214.00 Td (Revenue from Contracts with Customers \(T) Tj ET Q q 0 0 0 rg BT 383.58 214.00 Td (opic 606\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.49 214.00 Td ( and will make our financial statements ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 204.40 Td (more comparable with those of other financial services companies. ) Tj ET Q q 0 0 0 rg BT 287.69 204.40 Td (These reclassifications do not represent a restatement of previously-issued ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 194.80 Td (consolidated financial statements, but rather a reclassification among income statement line items, and they do not af) Tj ET Q q 0 0 0 rg BT 463.80 194.80 Td (fect the Company) Tj ET Q q 0 0 0 rg BT 528.14 194.80 Td (s ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 185.20 Td (reported total revenues or the total revenues in any of our segments for any of the previously reported periods. ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 154.00 Td (About Raymond James Financial, Inc.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 134.40 Td (Raymond James Financial, Inc. \(NYSE: RJF\) is a leading diversified financial services company providing private client group, capital markets, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 124.80 Td (asset management, banking and other services to individuals, corporations and municipalities. ) Tj ET Q q 0 0 0 rg BT 384.65 124.80 Td (The company has approximately ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.49 124.80 Td (7,800) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.51 124.80 Td ( financial ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 115.20 Td (advisors throughout the United States, Canada and overseas. ) Tj ET Q q 0 0 0 rg BT 270.38 115.20 Td (T) Tj ET Q q 0 0 0 rg BT 274.38 115.20 Td (otal client assets are ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.53 115.20 Td ($753 billion) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.01 115.20 Td (. 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