FINANCIAL STABILITY OF RAYMOND JAMES

As of June 30, 2018 A GLOBAL PRESENCE

The scale and breadth of our firm has been achieved over decades of measured, strategic growth. A time-honored culture of pragmatism and independence has fueled our success, while preserving the high-quality service our clients have come to rely upon.

Approximately 7,700 financial advisors

Approximately $754 billion in total client assets under administration

Credit rating (S&P) recently upgraded to BBB+* in line with industry competitors Over 3,000 locations, including major financial centers in North America and abroad

As of June 30, 2018 *A credit rating of a is not a recommendation to buy, sell or hold the security and may be subject to review, revision, suspension, reduction or withdrawal at any time by the assigning rating agency. A DIVERSIFIED SET OF COMPLEMENTARY BUSINESSES

Our 122 consecutive quarters of profitability are not happenstance. They are the result of a well-diversified set of businesses combined with an effective, disciplined corporate strategy. Our stability as a firm is supported by low earnings volatility and consistent return on equity.

* Diversified Businesses& 122 Recurring Revenue Consecutive Profitable Quarters Our diverse set of business units complement one another, providing stability in fluctuating market conditions. Diluted quarterly Diluted earnings per per earnings share

2017 Total Revenue by Primary Segments Total revenue shows fiscal year data ending Sept. 30, 2017.

*As of June 30, 2018. Past performance is not indicative of future results. The information provided is for informational purposes only and is not a solicitation to buy or sell Raymond James Financial stock. Charts are intended to show relative contribution of each of the firm's four core business segments. Dollar amounts do not add to total net revenues due to "Other" segment and intersegment eliminations not being depicted. Other includes the firm's principal capital and activities, as well as certain corporate overhead costs of Raymond James Financial including the interest cost on our public debt. A FOUNDATION OF STABILITY AND STRENGTH

Our foundation is fortified by a straight-forward, high-caliber capital structure – supported by $5 billion of common equity and retained earnings. We conduct and routinely pass stress tests pursuant to the Dodd-Frank Act. And, in an already stringent regulatory environment, set our bar even higher to help ensure we’ll be here when our clients need us.

Total Capital Ratio 2x 24.9% Requirement 10%

Tier 1 Leverage Ratio 3x 15.7% Requirement 5%

Regulatory Requirement* Raymond James Financial

*To be considered "well capitalized” CONSISTENT, LONG-TERM GROWTH

Raymond James’ dedication to disciplined management has not only helped our firm grow, it has led to consistent growth for our shareholders. Not only have we surpassed competitors year after year, Raymond James stock has continued to outperform the S&P 500, further contributing to the firm’s long-term strength and stability. Long-Term Stock Performance 200 shares of RJF stock purchased at initial offering $596,834 16.56% Rate of Return, Including Reinvested Dividends $369,105 14.97% Rate of Return, Excluding Dividends $103,638 10.87% S&P 500 Index Rate of Return, Including Reinvested Dividends*

*Performance of the S&P 500 was calculated by investing the equivalent amount needed to purchase 200 shares of RJF stock on the IPO date of 7/1/1983, and then multiplying that amount by the close of the S&P 500 at the date of each fiscal year end between1984-2016. Dividends were reinvested quarterly. As of 6/30/2018. Past performance is not indicative of future results. The S&P 500 is an unmanaged index of 500 widely held stocks. Investors cannot invest directly in an index. The analysis does not include transaction costs, which would reduce an investor's return. The information provided is for informational purposes only and is not a solicitation to buy or sell Raymond James Financial stock. INTERNATIONAL HEADQUARTERS: THE RAYMOND JAMES FINANCIAL CENTER 880 CARILLON PARKWAY // ST. PETERSBURG, FL 33716 // 800.248.8863 RAYMONDJAMES.COM

© 2018 Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. © 2018 Raymond James , Inc., member FINRA/SIPC. Raymond James® is a registered trademark of Raymond James Financial, Inc. Investment products are: not deposits, not FDIC/NCUA insured, not insured by any government agency, not guaranteed, subject to risk and may lose value.