Press Release

Release No. 0907-03
September 19, 2007

GRANT DAVIS AND MICHAEL FRAYMAN
NAMED AMONG REGISTERED REP.’s
“TOP 100 WIREHOUSE ADVISORS”

BEACHWOOD, Ohio - Grant Davis, senior vice president of investments, and Michael Frayman, first vice president of investments, at the 3201 Enterprise Parkway, Beachwood, Ohio, office of Raymond James & Associates, Inc., member New York Stock Exchange/SIPC, were recently named to Registered Rep. magazine’s “Top 100 Wirehouse Advisors.”

This list of distinguished advisors was compiled by the publication, which weighed factors such as total assets under management and years in the industry.

“We at Raymond James are very proud to be associated with advisors of Grant and Michael’s caliber,” said Dennis Zank, president of Raymond James & Associates.

Davis and Frayman, of the Davis Frayman Financial Group of Raymond James & Associates, who manage more than $1.2 billion in investor assets, offer their clients asset management, financial planning, retirement planning and business succession planning.

They are actively involved in the community, serving on the boards of trustees of Montefiore Home, The Lillian & Betty Ratner School, ORT America, The Temple Tifereth Israel and Beechmont Country Club.

About Raymond James & Associates, Inc.

Raymond James & Associates, which has built a national reputation during the past 44 years as a leader in financial planning for individuals, corporations and municipalities, is a wholly owned subsidiary of Raymond James Financial, Inc. (NYSE-RJF), a financial services holding company. Through its three principal broker/dealer subsidiaries, Raymond James Financial has more than 4,640 financial advisors serving 1.6 million accounts in 2,200 locations throughout the United States, Canada and overseas. In addition, total client assets are approximately $204 billion, of which approximately $35.4 billion are managed by the firm’s asset management subsidiaries.

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For additional information, please contact Grant Davis or Michael Frayman at 216-292-9182.

Please visit the Raymond James Press Center at raymondjames.com/media.