Press Release

Release No. 0507-17
May 18, 2007

ANTHONY TEDESCHI & MARK MCMAHON JOIN
RAYMOND JAMES & ASSOCIATES
AS SENIOR VICE PRESIDENTS, INVESTMENTS

PHILADELPHIA – Anthony Tedeschi and Mark McMahon recently joined Raymond James & Associates, Inc., member New York Stock Exchange/SIPC, as senior vice presidents of investments at the 1735 Market Street location in Philadelphia, according to Branch Manager Ralph McDevitt.

“We areelated to have experienced advisors like Anthony and Mark, join the Raymond James family,” said McDevitt.

A former Wachovia Securities team, Tedeschi and McMahon provide clients with wealth management, asset allocation and retirement planning and currently manage approximately $250 million in client assets. Together, they have an annual production in excess of $1.2 million.

According to McDevitt, the two financial advisor veterans were attracted to Raymond James because of the firm’s open and unbiased money management platform, product neutrality and high quality research.

About Raymond James & Associates
Raymond James & Associates, which has built a national reputation during the past 44 years as a leader in financial planning for individuals, corporations and municipalities, is a wholly owned subsidiary of Raymond James Financial, Inc. (NYSE-RJF), a financial services holding company. Through its three broker/dealer subsidiaries, Raymond James Financial has more than 4,650 financial advisors serving 1.6 million accounts in 2,200 locations throughout the United States, Canada and overseas. In addition, total client assets are approximately $198 billion, of which approximately $33.9 billion are managed by the firm’s asset management subsidiaries.

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