Jeffrey D. Saut

Managing Director and Chief Investment Strategist Raymond James

Jeffrey Saut joined Raymond James in 1999 and serves as the firm's Chief Investment Strategist. Previously, Mr. Saut was managing director of research at Roney & Co., which was acquired by Raymond James. Prior to that, he was managing director of equity capital markets for Sterne, Agee & Leach, Inc. His responsibilities there included equity research, investment banking, institutional sales, and syndicate.

After graduating from St. Andrews in 1971, Mr. Saut began his career on a trading desk in New York City and became the trade desk manager in 1972. In 1973, he joined E.F. Hutton, where he began following equities and writing research. He subsequently worked as a securities analyst for Wheat First Securities, and then Branch Cabell, where he ran the equity research group as director of research and acted as portfolio manager for the firm's affiliate, Exeter Capital Management. In addition, as director of research he built the research and institutional sales departments for the regional brokerage firm Ferris, Baker and Watts, Inc. and subsequently Sterne, Agee & Leach, Inc. Mr. Saut is well known for his insightful and colorful commentary regarding the stock market and makes regular appearances on Wall Street Week, CNBC, Bloomberg TV, USA Networks, Fox TV, NPR, and many local radio and TV networks. He is also often quoted in The Wall Street Journal, The New York Times, Barron's, The Washington Post, Business Week, U.S. News and World Report, Fortune and SmartMoney, as well as on many websites like MSNBC and TheStreet.com.

Scott J. Brown, Ph.D.

Chief Economist, Equity Research Raymond James

Scott Brown joined the Raymond James Equity Research Department in 1995 after two years as an economist in the firm's Fixed Income Research Department. Before his arrival at Raymond James, he was manager of economic research at Pacific First Bank in Seattle and had previously been director of economic research at First Imperial Advisors in San Diego. He also worked as an economist for the San Diego Gas & Electric Company. Dr. Brown earned his doctorate in economics from the University of California at San Diego, where he studied time series analysis and forecasting under Nobel Laureates Robert F. Engle and Clive W.J. Granger. Dr. Brown also holds an M.S. degree in statistics from the University of Illinois and a B.A. degree in mathematics from the University of California at Irvine. Dr. Brown serves on the Economic Advisory Committee of the American Bankers Association. He is also a member of The Securities Industry and Financial Markets Association’s Economic Advisory Roundtable and has previously served as a member of the Governor's Council of Economic Advisors for the state of Florida.