Press Release

December 28, 2007

RAYMOND JAMES TRUST COMPANY
RECEIVES FEDERAL CHARTER AND NEW NAME FROM THE OCC

ST. PETERSBURG, Fla. – Raymond James Trust Company (RJTC), a wholly owned subsidiary of Raymond James Financial, Inc., is pleased to announce that it has been approved by the Office of the Comptroller of the Currency (OCC) in Washington, D.C. to convert its charter to a national trust company.

Effective January 1, 2008, the RJTC will be known as Raymond James Trust, N.A. “RJTC is making this change to streamline the regulation of its sales, marketing and trust servicing effort,” said Dave Ness, president of Raymond James Trust Company. “We expect to merge our second, state-chartered company, Raymond James Trust Company West, into Raymond James Trust, N.A. later in 2008. Doing business under two state charters was difficult in a few states, and often confusing as to which company was allowed to do business in a particular state. With a federal charter, Raymond James Trust, N.A. may act as trustee, custodian, personal representative or agent to the trustee in a wide variety of trust and estate situations in every state of the U.S.”

Operating with a Federal Charter will make also it much easier to establish trust offices throughout the country on a regional basis. As Raymond James Trust, N.A. grows, services to clients and financial advisors can be provided in a more geographically appropriate way.

About Raymond James Trust
Raymond James Trust, N.A. began in 1992 as the Raymond James Trust Company in St. Petersburg, Florida. To better serve its clients outside of the southeastern U.S., the Raymond James Trust Company West was acquired (as Sound Trust Company) in 1993. Over the years, the two companies have grown to manage over $1.6 billion in assets in most of the 50 states and a number of foreign countries.

Office of the Comptroller of the Currency (OCC) charters, regulates, and supervises all national banks. Headquartered in Washington, D.C, the OCC's nationwide staff of examiners conducts on-site reviews of national banks and provides sustained supervision of bank operations. The agency issues rules, legal interpretations, and corporate decisions concerning banking, bank investments, bank community development activities, and other aspects of bank operations.

Raymond James Financial (NYSE-RJF) is a Florida-based diversified holding company providing financial services to individuals, corporations and municipalities through its subsidiary companies. Its three wholly owned broker/dealers (Raymond James & Associates, Raymond James Financial Services and Raymond James Ltd.) and Raymond James Investment Services Limited, a majority-owned independent contractor subsidiary in the United Kingdom, have a total of more than 4,750 financial advisors serving approximately 1.6 million accounts in 2,200 locations throughout the United States, Canada and overseas.

In addition, total client assets are currently near $215 billion, of which approximately $37.3 billion are managed by the firm’s asset management subsidiaries.

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For additional information, please contact Josh Hall at 727-567-5396.

Please visit the Raymond James Press Center at raymondjames.com/media.