Press Release

Media Contact: Steve Hollister, 727.567.2824
Investor Contact: Paul Shoukry, 727.567.5133
raymondjames.com/media

May 20, 2015

RAYMOND JAMES FINANCIAL REPORTS
APRIL 2015 OPERATING DATA

ST. PETERSBURG, Fla. - In an effort to provide timely information to investors about general trends in our major business segments, we are releasing selected operating data for April 2015. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed.

Total securities commissions and fees of $287.8 million in April 2015 increased 7 percent compared to last April, driven by growth in the Private Client Group segment and Fixed Income division. Meanwhile, total securities commissions and fees in the month declined 2 percent compared to March 2015, largely due to a sequential decline in underwriting activity and one fewer business day.

Client assets under administration reached a record $501.9 billion, representing increases of 9 percent compared to last April and 1 percent compared to the preceding month. The growth in client assets under administration continues to benefit from robust financial advisor recruiting and retention results and market appreciation. Similarly, financial assets under management grew to a record $69.7 billion, representing an increase of 12 percent over last year's April. While the acquisition of Cougar Global Investments Ltd. closed in April, the impact to financial assets under management was relatively modest, as the vast majority of Cougar's assets are in model delivery programs and therefore not included in financial assets under management.

"Following an extremely strong month for M&A in March, investment banking revenues declined in April on both a year-over-year and sequential basis," said CEO Paul Reilly. "Nonetheless, investment banking activity remains healthy, although closings are inherently unpredictable and lumpy."

Total net loans at Raymond James Bank of $12.0 billion grew 17 percent over last April but declined 1 percent compared to the preceding month, as paydowns in April exceeded new originations.

Further, as mentioned at our May 12 Analyst/Investor Day presentation, which is posted on our website (www.raymondjames.com), we realized an $11 million pre-tax gain from the sale of a block of our Auction Rate Securities holdings during the month.

"This was a solid start to the quarter," said Paul Reilly, CEO. "Client assets continue to grow and the recruiting pipeline remains robust. We continue to believe we are well positioned for future growth."

April 2015
(21 business days)
March 2015
(22 business days)
% Change April 2014
(21 business days)
% Change
Total securities commissions and fees (in mil.) (1) $287.8 $294.9 (2) % $268.5 7%
Client assets under administration (in bil.) $501.9 $495.8 1% $461.7 9%
Private Client Group assets under administration (in bil.) $477.1 $471.1 1% $437.0 9%
Financial assets under management (in bil.) (2) $69.7 $69.4 - $62.2 12%
Raymond James Bank total loans, net (in bil.) $12.0 $12.1 (1) % $10.3 17%
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