Press Release

Release No. 0806-05
August 29, 2006

RAYMOND JAMES FINANCIAL
PREPARED FOR
TROPICAL STORM ERNESTO

ST. PETERSBURG, Fla. – While weather forecasts currently indicate that Tropical Storm Ernesto may have some affect on the Tampa Bay area in the form of high winds and heavy rain, the anticipated impact does not appear to pose significant threat to Raymond James’ international headquarters. As such, unless the projected path changes considerably, the firm will continue with normal operations.

The firm is actively monitoring the situation to ensure necessary steps are taken related to the safety of associates and the security of client information. If closing is necessary, Raymond James’ backup operations center in Southfield, Mich., and a dedicated business continuity team will assure uninterrupted client service.

Raymond James has branch offices in areas that are likely to be more significantly affected by this storm. For clients of those offices who need to contact Raymond James, our Client Service Department can be reached at 800-647-SERV (7378).

Raymond James Financial (NYSE-RJF) is a Florida-based diversified holding company providing financial services to individuals, corporations and municipalities through its subsidiary companies. Its three wholly owned broker/dealers, Raymond James & Associates, Raymond James Financial Services and Raymond James Ltd. have more than 4,800 financial advisors serving 1.4 million accounts in 2,200 locations throughout the United States, Canada and overseas. Total client assets are approximately $171 billion. Approximately $30.7 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.

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