Press Release

Release No. 0407-15B
May 14, 2007

GORDON E. MARSHALL NAMED MIDWEST
REGIONAL DIRECTOR OF RAYMOND JAMES’
FINANCIAL INSTITUTIONS DIVISION

ST. PETERSBURG, Fla. - Gordon E. Marshall, has joined the Financial Institutions Division of Raymond James Financial Services, Inc. member NASD/SIPC, as regional director of the Midwest.

“Gordon’s vast knowledge and experience in the bank brokerage arena will be a huge asset to our financial institution partners and to our firm,” says senior vice president and managing director of the Financial Institutions Division, John W. Houston.

Marshall brings with him over 25 years of experience in the banking and brokerage industries. Most recently, he served as a senior vice president for Infinex Financial Group. Prior to that, he was senior vice president and program manager for the brokerage Citizens Investment Services, Inc. Marshall was formerly a financial advisor and sales manager for Fleet Investment Services, and earlier in his career, held several management positions in retail banking and retail brokerage with Shearson American Express and Drexel Burnham Lambert.

In his new role, Marshall will be responsible for working with existing Raymond James-affiliated financial institutions to increase revenues and profitability, signing new financial institutions and recruiting additional financial advisors.

Marshall has a BS degree in business administration from Boston University and holds his NASD Series 7, 24 and 63 licenses.

About the Financial Institutions Division of RJFS

The Financial Institutions Division (RJFS-FID) was created in 1987 to provide community-based banks and credit unions with an alternative to the traditional third-party investment providers. RJFS-FID provides true, full-service securities brokerage to financial institutions seeking to compete with the national securities firms. In addition RJFS-FID has the ability to deliver investment banking, research, self-clearing capabilities and wealth management services. The division currently provides investment services to over 200 financial institutions across 45 states with total assets of more than $20 billion in 238,000 client accounts.

About Raymond James Financial Services
Raymond James Financial Services, Inc. is a national investment firm providing financial services to individuals, corporations and municipalities through more than 3,400 financial advisors in 2,000 offices throughout the United States. Raymond James Financial Services provides a wide range of services through its affiliate, Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. Both broker/dealers are wholly owned subsidiaries of Raymond James Financial, Inc. (NYSE-RJF), a financial services holding company which has more than 4,650 financial advisors serving 1.6 million accounts throughout the United States, Canada and overseas. Total client assets are approximately $198 billion, of which approximately $33.9 billion are managed by the firm’s asset management subsidiaries.

###
For additional information, please contact Anthea Penrose at 727-567-5283.
Please visit the Raymond James Press Center at raymondjames.com/media.