Press Release

February 5, 2009

RAYMOND JAMES OFFICERS ADD
TO COMPANY STOCK HOLDINGS

ST. PETERSBURG, Fla. – Twelve officers with Raymond James Financial, Inc. (NYSE-RJF) filed Form 4 reports during the last few days with the Securities and Exchange Commission reflecting transactions in the company’s common stock.

“This flurry of Form 4 filings was triggered by the February 4th expiration of stock options originally granted in December 2003,” explained Chief Financial Officer Jeffrey P. Julien. “A number of officers either surrendered shares to the company to pay the exercise price of these options or sold other shares to generate cash to do the same,” Julien noted. Notwithstanding the surrender or sale of shares, ten of the 12 reporting officers had a net increase in their holdings of Raymond James stock, while the remaining two officers’ holdings stayed the same.

About Raymond James Financial

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 principal 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 5,000 financial advisors serving approximately 1.9 million accounts in approximately 2,200 locations throughout the United States, Canada and overseas. In addition, total client assets are approximately $170 billion, of which approximately $28 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.