Account Protection at Raymond James

At Raymond James, we accept that safeguarding your assets is one of our highest priorities. That’s why, in addition to relying on the financial integrity, strength and stability of the firm itself, we also offer account protection through the Federal Deposit Insurance Corporation (FDIC), the Securities Investor Protection Corporation (SIPC) and various syndicates of Lloyd’s of London for protection beyond SIPC limitations.

Here are the details:

SIPC Coverage

Securities Investor Protection Corporation (SIPC), established as a nonprofit entity by Congress in 1970, protects client assets in the event of a member firm’s bankruptcy or insolvency. Raymond James & Associates is a member of SIPC, which protects securities

customers of its members up to $500,000 (including $100,000 for claims for cash). An explanatory brochure is available upon request or at sipc.org or by calling 202-371-8300.

Account protection applies when a SIPC-member firm fails financially and is unable to meet obligations to securities clients, but it does not protect against market fluctuations.

Excess SIPC Coverage

In the vast majority of cases, SIPC is likely to meet 100% of the claims of individual investors.

However, to account for clients whose losses may be such that a deficiency still exists after they have received the full SIPC entitlement (subject to any sub-limit for claims for cash), Raymond James has purchased excess SIPC coverage through various syndicates of Lloyd’s, a London-based firm. Excess SIPC is fully protected by the Lloyd’s trust funds and Lloyd’s Central Fund. The additional protection currently provided has an aggregate firm limit of $750 million, including a sub-limit of $1.9 million per customer for cash above basic SIPC for the wrongful abstraction of customer funds.¹

Lloyd’s of London is the world’s leading insurance market. It was established in 1688 and provides specialist insurance coverage to businesses worldwide. It is regulated by the Financial Services Authority, which oversees all financial institutions in the United

Kingdom. Its financial strength is constantly rated by independent rating agencies. At present, Lloyd’s enjoys an A+ rating from both Fitch and Standard & Poor’s and an A rating from A.M. Best.² More information on Lloyd’s is available at Lloyds.com.

¹ In the event of the member firm’s bankruptcy or insolvency, clients may incur losses if the aggregate amount of insurance coverage has been exhausted.

² Ratings are subject to change and do not remove market risk.

FDIC Protection for Bank Deposits

Accounts held at Raymond James Bank (RJBank) are insured by the Federal Deposit Insurance Corporation (FDIC), an independent agency of the United States government, for up to $250,000 per depositor. The coverage limit refers to the total of all deposits that an account holder(s) has at each FDIC-insured bank.

FDIC protects against the loss of insured deposits if an FDIC-insured bank or savings association fails. FDIC deposit insurance is backed by the full faith and credit of the United States government.

FDIC insurance covers funds in deposit accounts, including checking and savings accounts, money market deposit accounts, and certificates of deposit (CDs).

Legislation increasing deposit insurance coverage limits from $100,000 per eligible account and accountholder to $250,000 took effect October 3, 2008, and is currently set to expire December 31, 2009. IRAs and certain other retirement accounts insured for up to $250,000 prior to this legislation will continue to be insured for that amount after December 31, 2009, barring any further legislative changes. Visit fdic.gov for further information.

Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. are affiliated with Raymond James Bank, member FDIC, a federally chartered savings bank. Unless otherwise specified, products purchased from or held at affiliated Raymond James Financial, Inc. companies are not insured by the FDIC, are not deposits or other obligations of Raymond James Bank, are not guaranteed by Raymond James Bank and are subject to investment risks, including possible loss of the principal invested.