Press Release

February 6, 2008

RAYMOND JAMES & ASSOCIATES
ATTRACTS FORTY NEW ADVISORS
IN FIRST QUARTER

ST. PETERSBURG, Fla. – Raymond James & Associates, Inc., member New York Stock Exchange/SIPC, added 40 new financial advisors to its ranks in the first quarter of the 2008 fiscal year (Oct. 1 – Dec. 31, 2007) – a 30 percent increase over the same quarter last year. These advisors joined RJ&A, the traditional employee broker/dealer subsidiary of Raymond James Financial (NYSE-RJF), from a variety of financial services firms. Together they have more than $3.3 billion in assets under management and an average production of $495,000, which is slightly lower than the firm’s year-end average production of $513,000.

Noteworthy among the 40 advisors are Jeff Simpson and John Simpson of Fairfield County, Conn., who joined RJ&A from A.G. Edwards in October with more than $350 million in client assets; Randy Ehret who, in November, came from UBS in St. Louis, Mo., with $117 million in assets; and Drew Bilotta and Michael Ward of Wayne, Pa., who joined in December from Merrill Lynch with more than $580 million in assets.

“The caliber of this quarter’s recruits is exceptional,” said RJ&A President Dennis Zank. “There’s no question we are benefiting from a certain level of advisor discomfort on the street right now. Many top producers are recognizing that Raymond James offers a culture that is client focused and advisor driven and are seeking us out.”

About Raymond James & Associates

Raymond James & Associates, which has built a national reputation during the past 45 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 principal broker/dealer subsidiaries, Raymond James Financial has more than 4,770 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 $217 billion, of which approximately $37.3 billion are managed by the firm’s asset management subsidiaries.

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For more information, contact Anthea Penrose at 727-567-2824

Please visit the Raymond James Press Center at raymondjames.com/media.