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.

BOYD E. NELSON III, J.D.

Vice President, Business Development Officer, Raymond James Trust N.A.

Boyd Nelson studied law at Washington University in St. Louis, Missouri. His studies were concentrated in the areas of estate planning, business and tax. He received his Juris Doctor degree in 1996. Prior to that he attended the University of Missouri where he received his Bachelor of Science in Business Administration with a double emphasis in Corporate Finance and Real Estate.

Boyd joined Raymond James Trust N.A. in the fall of 1996. After serving in an administrative capacity, Boyd started marketing for the organization in the southwest area of Florida. Soon his responsibilities were increased to include the Midwestern states. In 2004 New York Life recruited Boyd to create and implement their marketing program for New York Life Trust Company. In 2005 Raymond James Trust N.A. brought Boyd back to launch their marketing effort to the Western United States.

Boyd is a member of the Florida and St. Petersburg Bar Associations and is active with the Tampa Bay Estate Planning Council, a professional organization of estate planners. Boyd is a Certified Trust Financial Advisor, a graduate of the American Bankers Association Graduate Trust School and a licensed Financial Advisor. He is a frequent lecturer to Financial Advisors, Attorneys and CPAs concerning estate taxes, the use of trusts and their places in estate plans.

TIMOTHY J. KEEFE

Vice President, Business Development Officer, Raymond James Trust N.A.

Mr. Keefe received his Bachelor of Science Degree from Northern Illinois University and his MBA with Distinction from DePaul University. He is also a graduate of the ABA National Trust School at Northwestern University.

Mr. Keefe has more than twenty-five years of experience in all aspects of trust management with The Northern Trust Company and most recently, Wintrust Financial Corporation where he managed the trust office at Barrington Bank & Trust for Wintrust Asset Management Company and was responsible for business development and trust administration. Prior to Wintrust, Mr. Keefe managed the consulting practice with the Government Finance Officers Association where he also staffed their national committees on Cash Management and Retirement and Benefits Administration. Mr. Keefe is a Vice President and Business Development Officer for Raymond James Trust Company.