Exhibit 99.1
Release No. 1106-23 FOR IMMEDIATE RELEASE
November 30, 2006
RAYMOND JAMES FINANCIAL, INC.
REPORTS OCTOBER 2006 OPERATING DATA
ST. PETERSBURG, Fla. - In an effort to provide timely information to enable analysts and investors to stay better informed about the general trends in our major business segments, we are releasing selected operating statistics. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed.
“The individual investor returned to the market in October, signaling an increase in confidence in the market’s outlook. October’s growth in assets under administration reflects market appreciation and vibrant new account activity,” stated Chairman and CEO Thomas A. James.
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. have more than 4,700 financial advisors serving 1.5 million accounts in 2,200 locations throughout the United States, Canada and overseas. Total client assets are approximately $186 billion. Approximately $32.8 billion are managed by the firm’s asset management subsidiaries.
To the extent that Raymond James makes or publishes forward-looking statements (regarding management expectations, strategic objectives, business prospects, anticipated
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Release No. 1106-23 Raymond James Financial, Inc.
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expense savings, financial results, anticipated results of litigation and regulatory proceedings, and other similar matters), a variety of factors, many of which are beyond Raymond James’ control, could cause actual results and experiences to differ materially from the expectations and objectives expressed in these statements. These factors are described in Raymond James’ 2005 annual report on Form 10-K, which is available on raymondjames.com and sec.gov.
| | October 2006 | | September 2006 | | October 2005 |
| | (22 business days) | | (20 business days) | | (20 business days) |
| | | | | | |
Securities commissions/fees (1) | $ 132.7 mil. | | $ 138.7 mil. | | $ 109.0 mil. |
| | | | | | |
Assets under management (2) | $ 32.8 bil. | | $31.8 bil. | | $ 26.9 bil. |
| | | | | | |
# of managed/co-managed underwritings (3) | 12 | | 14 | | 10 |
| | | | | | |
| Total customer assets under administration | $ 186.2 bil. | | $ 182.3 bil. | | $ 148.0 bil. |
| | | | | | |
| (1) | Includes all securities commissions and fees generated by our financial advisors, both private client and institutional, except for certain less significant international joint ventures. |
| (2) | This is the primary revenue driver for the asset management segment. Investment advisory fees are based on a percentage of assets at either a single point in time within the quarter, typically the beginning or end of a quarter, or the “average daily” balances of assets under management. |
| (3) | This is only one of several key revenue sources for the capital markets segment; other key revenue sources include institutional sales commissions and transaction fees. |
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For more information, contact Anthea Penrose at 727-567-5283.
Please visit the Raymond James Press Center at raymondjames.com/media.
