Press Release

July 6, 2010

SEVEN RAYMOND JAMES AFFILIATED BRANCH MANAGERS NAMED
TO ON WALL STREET’S TOP 100 LIST

ST. PETERSBURG, Fla. — On Wall Street magazine has announced the results of its 2010 ranking of the Top 20 Program Managers. The prestigious list featured twelve investment program managers affiliated with Raymond James Financial Services (RJFS), the most by any firm. In addition, eight RJFS-affiliated branch managers placed within the top 10 spots, with John Clemens of Amarillo National Bank named number one.

The On Wall Street branch manager recognition is based on, among other factors, marketing strategy, ability to recruit, develop, retain and reward talented advisors, and dedication to providing superior client service.

John Houston, Managing Director of RJFS-FID, stated “Being named in the 2009 On Wall Street Top 100 Branch Managers of the Year survey is a great achievement. These seven branch managers define what it means to be the best in the industry. Their success demonstrates the quality service provided by each of these managers, their financial institution and Raymond James.”

Consalo, named to the top 10, manages a team of more than 50 RJFS advisors at Fulton, located in Lancaster, PA. Their program has $1.55 billion in assets under administration, and annual branch production of $15 million. Consalo, hired to the helm a year and half ago, has extensive experience in attracting and managing talented financial advisors. Since he joined in November of 2008, they have added 25 new people and increased revenues by 24%.

Table A: RJFS-FID Affiliated Branch Managers Names to the Top 100

About On Wall Street

Since its inception in 1992, On Wall Street has been providing financial advisors at the largest and most prestigious brokerage firms with the best information and analysis in the industry. On Wall Street covers a wide range of topics, including the latest changes in broker compensation, breaking news on the regulatory and legal fronts, new product offerings, the consolidation of companies and the movement of brokers and top executives between firms. On Wall Street tells its readers how to promote their careers and their practice, and gives a voice to industry experts to offer practical guidance for brokers on maximizing returns in client portfolios.

About the Financial Institutions Division of RJFS

The Financial Institutions Division (RJFS-FID) was created in 1987 to provide banks and credit unions with brokerage services as an alternative to traditional third-party investment providers and platform programs. RJFS-FID provides true, full-service securities brokerage to financial institutions seeking to compete with the national securities firms. In addition to a full complement of investment products and services, RJFS-FID has the ability to deliver investment banking, research, self-clearing capabilities and wealth management services. The division currently provides investment services to over 200 financial institutions across 42 states with total assets of more than $23 billion in 272,000 client accounts.

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 3,200 financial advisors in 2,000 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 5,300 financial advisors serving 1.8 million accounts throughout the United States, Canada and overseas. In addition, total client assets are approximately $196 billion, of which approximately $29 billion are managed by the firm's asset management subsidiaries.

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For additional information, please contact Anthea Penrose at 727-567-2824.
Please visit the Raymond James Press Center at raymondjames.com/media