Press Release

Release No. 1107-01
November 6, 2007

RAYMOND JAMES FINANCIAL SERVICES
SURPASSES $1 BILLION REVENUE MILESTONE

ST. PETERSBURG, Fla. – For the first time in its history, Raymond James Financial Services, Inc., member FINRA/SIPC, surpassed $1 billion in revenue for fiscal 2007, a total that is more than three times the revenue of 10 years ago.

The rapid rise is attributed to the record-breaking production levels of its more than 3,000 financial advisors, as well as the superior products and services offered through the firm.

“This achievement marks an important milestone for our firm,” said Dick Averitt, chairman and CEO of Raymond James Financial Services. “I could not be more proud of our advisors and all of the associates who support them in reaching this significant level of revenue. This accomplishment is truly a team effort.”

In 2007, RJFS had more than 100 advisors whose annual production was $1 million or greater. Comparatively, the broker/dealer only had 25 advisors with more than $1 million in production just four years ago.

Other notable 2007 figures:

• The average financial advisor’s annual production reached a record $315,000 bolstering the average branch production to a record $692,000.
• Total client assets reached $127 billion – a 17 percent compounded growth rate since 2002.
• The recurring revenue as a percentage of fees and commissions grew from 43 percent in 2002 to 62 percent in 2007.

About Raymond James Financial Services
Raymond James Financial Services, Inc. is a national investment firm providing financial services to individuals, corporations and municipalities through more than 3,000 financial advisors in 1,373 offices throughout the United States. For more than 30 years, Raymond James Financial Services has provided a wide range of services through our affiliate, Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. Both broker/dealers are wholly owned subsidiaries of Raymond James Financial, Inc. (NYSE-RJF), a financial services holding company which has more than 4,750 financial advisors serving 1.6 million accounts throughout the United States, Canada and overseas. In addition, total client assets are approximately $215 billion, of which approximately $37.1 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.