Press Release

Release No. 0306-17
March 14, 2006

RAYMOND JAMES FINANCIAL, INC.
REPORTS FEBRUARY 2006 OPERATING DATA

ST. PETERSBURG, Fla. – In an effort to provide timely information to enable analysts and investors to stay better informed about the general trends in our major business segments, we are releasing selected operating statistics. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed.

“In spite of an uninspiring investment environment, commissions and fees continued to experience favorable comparisons,” explained Chairman and CEO Thomas A. James. “Several other business segments are experiencing vibrant growth.”

Raymond James Financial (NYSE-RJF) is aFlorida-based diversifiedholding company providing financial services to individuals, corporations and municipalities through itssubsidiary companies. Its three wholly ownedbroker/dealers, Raymond James & Associates, Raymond James Financial Services and Raymond James Ltd.have more than 4,800 financial advisors serving 1.2 million accounts in 2,200 locations throughout the United States, Canadaand overseas. In addition, total client assets are approximately $163 billion, of which are approximately $30 billion are managed by the firm’s asset management subsidiaries.

To the extent that Raymond James makes or publishes forward-looking statements (regarding management expectations, strategic objectives, business prospects, anticipated expense savings, financial results, anticipated results of litigation and regulatory proceedings, and other similar matters), a variety of factors, many of which are beyond Raymond James’ control, could cause actual results and experiences to differ materially from the expectations and objectives expressed in these statements. These factors are described in Raymond James’ 2005 annual report on Form 10-K, which is available on raymondjames.com and sec.gov.

1. (1) Includes all securities commissions and fees generated by our financial advisors, both private client and institutional, except for emerging markets joint ventures.

2. (2) This is the primary revenue driver for the asset management segment. Just under half of the assets under management are subject to billing quarterly in advance, with the balance billed mainly based on average daily assets.

3. (3) This is only one of several key revenue sources for the capital markets segment, other key revenue sources include institutional sales commissions and transaction fees.

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For more information, please contact Tracey Bustamante at 727-567-2824.
Please visit the Raymond James Press Center at raymondjames.com/media.