%PDF-1.5 1 0 obj <> endobj 3 0 obj <> endobj 4 0 obj <> stream /GS0 gs q 194.00 0 0 17.00 209.00 730.00 cm /I1 Do Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 697.12 Td (September 25, 2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.85 697.12 Td (FOR IMMEDIA) Tj ET Q q 0 0 0 rg BT 497.14 697.12 Td (TE RELEASE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.80 682.12 Td (Media Contact: Steve Hollister) Tj ET Q q 0 0 0 rg BT 492.03 682.12 Td (, 727.567.2824) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.95 667.12 Td (Investor Contact: Kristina W) Tj ET Q q 0 0 0 rg BT 469.51 667.12 Td (augh, 727.567.7654) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 349.4 652.31455078125 m 558.4830078125 652.31455078125 l s q 0 0 1 rg BT 349.40 653.60 Td (raymondjames.com/news-and-media/press-releases) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 11.00 Tf ET q 0 0 0 rg BT 110.50 612.40 Td (RA) Tj ET Q q 0 0 0 rg BT 125.38 612.40 Td (YMOND JAMES FINANCIAL) Tj ET Q q 0 0 0 rg BT 269.40 612.40 Td ( REPORTS ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 328.28 612.40 Td (AUGUST 2019) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 402.25 612.40 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 443.61 612.40 Td (TING DA) Tj ET Q q 0 0 0 rg BT 488.01 612.40 Td (T) Tj ET Q q 0 0 0 rg BT 493.92 612.40 Td (A) Tj ET Q q 0 0 0 rg BT 501.45 612.40 Td ( ) Tj ET Q BT /F2 8.90 Tf ET q 0 0 0 rg BT 49.50 588.55 Td (ST) Tj ET Q q 0 0 0 rg BT 59.89 588.55 Td (. PETERSBURG, Fla. - In an ef) Tj ET Q q 0 0 0 rg BT 183.37 588.55 Td (fort to provide timely information to investors about general trends in our major business ) Tj ET Q BT /F2 8.90 Tf ET q 0 0 0 rg BT 49.50 577.85 Td (segments, we are releasing selected operating data for ) Tj ET Q BT /F2 8.90 Tf ET q 0 0 0 rg BT 268.17 577.85 Td (August 2019) Tj ET Q BT /F2 8.90 Tf ET q 0 0 0 rg BT 318.15 577.85 Td (. Due to the limited nature of this data, a consistent ) Tj ET Q BT /F2 8.90 Tf ET q 0 0 0 rg BT 49.50 567.20 Td (correlation to earnings should not be assumed. ) Tj ET Q BT /F2 8.90 Tf ET q 0 0 0 rg BT 49.50 545.80 Td (Client assets under administration of $825.1 billion increased 5% over ) Tj ET Q q 0 0 0 rg BT 326.54 545.80 Td (August 2018 and declined 1% compared to July 2019. ) Tj ET Q BT /F2 8.90 Tf ET q 0 0 0 rg BT 49.50 535.15 Td (Financial assets under managementof $142.8billionincreased 1%over ) Tj ET Q q 0 0 0 rg BT 335.95 535.15 Td (August 2018 and declined 1% compared to July ) Tj ET Q BT /F2 8.90 Tf ET q 0 0 0 rg BT 49.50 524.45 Td (2019.) Tj ET Q q 0 0 0 rg BT 74.08 524.45 Td (The year-over-year growth of client assets was largely driven by continued success in retaining and recruiting advisors in ) Tj ET Q BT /F2 8.90 Tf ET q 0 0 0 rg BT 49.50 513.80 Td (the Private Client Group. ) Tj ET Q q 0 0 0 rg BT 149.26 513.80 Td (The decrease of client assets compared to July 2019 was primarily attributable to the decline in equity ) Tj ET Q BT /F2 8.90 Tf ET q 0 0 0 rg BT 49.50 503.10 Td (markets in ) Tj ET Q q 0 0 0 rg BT 92.53 503.10 Td (August 2019, as the S&P) Tj ET Q q 0 0 0 rg BT 191.82 503.10 Td ( 500 Index declined 2% during the month.) Tj ET Q BT /F2 8.90 Tf ET q 0 0 0 rg BT 49.50 481.75 Td (Clients) Tj ET Q q 0 0 0 rg BT 81.31 481.75 Td ( domestic cash sweep balances increased modestly during the month, said Chairman and CEO Paul Reilly) Tj ET Q q 0 0 0 rg BT 503.61 481.75 Td (. Fixed ) Tj ET Q BT /F2 8.90 Tf ET q 0 0 0 rg BT 49.50 471.05 Td (Income results remained strong in ) Tj ET Q q 0 0 0 rg BT 185.54 471.05 Td (August, helped by elevated interest rate volatility and a solid month for Public Finance. ) Tj ET Q BT /F2 8.90 Tf ET q 0 0 0 rg BT 49.50 460.40 Td (Additionally) Tj ET Q q 0 0 0 rg BT 94.35 460.40 Td (, activity levels for M&A) Tj ET Q q 0 0 0 rg BT 185.85 460.40 Td ( and Raymond James ) Tj ET Q q 0 0 0 rg BT 274.74 460.40 Td (T) Tj ET Q q 0 0 0 rg BT 279.19 460.40 Td (ax Credit Funds are robust, although the timing of closings is inherently ) Tj ET Q BT /F2 8.90 Tf ET q 0 0 0 rg BT 49.50 449.70 Td (dif) Tj ET Q q 0 0 0 rg BT 58.74 449.70 Td (ficult to predict. ) Tj ET Q BT /F2 8.90 Tf ET q 0 0 0 rg BT 49.50 428.35 Td (Net loans at Raymond James Bank of $20.7 billion increased 7% over ) Tj ET Q q 0 0 0 rg BT 327.04 428.35 Td (August 2018 and were essentially flat with July 2019. ) Tj ET Q BT /F2 8.90 Tf ET q 0 0 0 rg BT 49.50 407.00 Td (Earlier this month, Raymond James reached a settlement with the SEC related to suitability reviews for advisory accounts and UIT) Tj ET Q q 0 0 0 rg BT 561.81 407.00 Td ( ) Tj ET Q BT /F2 8.90 Tf ET q 0 0 0 rg BT 49.50 396.30 Td (account activity) Tj ET Q q 0 0 0 rg BT 109.68 396.30 Td (. ) Tj ET Q q 0 0 0 rg BT 114.47 396.30 Td (The firm is pleased to have these matters concluded and has revised policies and procedures to address the ) Tj ET Q BT /F2 8.90 Tf ET q 0 0 0 rg BT 49.50 385.60 Td (supervisory enhancements required by the SEC at Raymond James and a number of competitor firms. ) Tj ET Q q 0 0 0 rg BT 455.46 385.60 Td (The firm has substantially ) Tj ET Q BT /F2 8.90 Tf ET q 0 0 0 rg BT 49.50 374.95 Td (completed remediation with the appropriate clients and looks forward to continuing to provide best-in-industry service in support of ) Tj ET Q BT /F2 8.90 Tf ET q 0 0 0 rg BT 49.50 364.25 Td (their goals. ) Tj ET Q q 0 0 0 rg BT 95.35 364.25 Td (The aforementioned remediation and the settlement with the SEC were fully reserved as of June 30, 2019.) Tj ET Q BT /F2 8.90 Tf ET q 0 0 0 rg BT 49.50 342.90 Td (As previously disclosed, in ) Tj ET Q q 0 0 0 rg BT 155.86 342.90 Td (August, the firm repurchased approximately 2.13 million shares for $161.2 million, an average price of ) Tj ET Q BT /F2 8.90 Tf ET q 0 0 0 rg BT 49.50 332.20 Td (approximately $75.75 per share. Including these purchases, fiscal year to date the firm has repurchased approximately 9.83 ) Tj ET Q BT /F2 8.90 Tf ET q 0 0 0 rg BT 49.50 321.55 Td (million shares for $752 million, an average price of approximately $76.50 per share. ) Tj ET Q q 0 0 0 rg BT 379.96 321.55 Td (As of September 24, 2019, $750 million ) Tj ET Q BT /F2 8.90 Tf ET q 0 0 0 rg BT 49.50 310.85 Td (remained available under the Board) Tj ET Q q 0 0 0 rg BT 192.32 310.85 Td (s current share repurchase authorization announced on ) Tj ET Q q 0 0 0 rg BT 412.99 310.85 Td (August 16, 2019.) Tj ET Q BT /F2 8.90 Tf ET q 0 0 0 rg BT 49.50 289.50 Td (Our client-focused culture and breadth of resources continue to drive financial advisor retention and recruiting across all of our ) Tj ET Q BT /F2 8.90 Tf ET q 0 0 0 rg BT 49.50 278.80 Td (af) Tj ET Q q 0 0 0 rg BT 56.76 278.80 Td (filiation options, said Reilly) Tj ET Q q 0 0 0 rg BT 163.44 278.80 Td (.) Tj ET Q BT /F3 7.80 Tf ET q 0 0 0 rg BT 49.50 249.30 Td (About Raymond James Financial, Inc.) Tj ET Q BT /F2 7.80 Tf ET q 0 0 0 rg BT 49.50 229.95 Td (Raymond James Financial, Inc. \(NYSE: RJF\) is a leading diversified financial services company providing private client group, capital markets, asset ) Tj ET Q BT /F2 7.80 Tf ET q 0 0 0 rg BT 49.50 220.60 Td (management, banking and other services to individuals, corporations and municipalities. ) Tj ET Q q 0 0 0 rg BT 355.45 220.60 Td (The company has approximately ) Tj ET Q BT /F2 7.80 Tf ET q 0 0 0 rg BT 470.34 220.60 Td (7,900) Tj ET Q BT /F2 7.80 Tf ET q 0 0 0 rg BT 489.86 220.60 Td ( financial advisors. ) Tj ET Q BT /F2 7.80 Tf ET q 0 0 0 rg BT 49.50 211.20 Td (T) Tj ET Q q 0 0 0 rg BT 53.40 211.20 Td (otal client assets are ) Tj ET Q BT /F2 7.80 Tf ET q 0 0 0 rg BT 126.67 211.20 Td ($825 billion) Tj ET Q BT /F2 7.80 Tf ET q 0 0 0 rg BT 166.13 211.20 Td (. 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