Raymond James & Associates, Inc., member New York Stock Exchange/SIPC Raymond James Financial Services, Inc., member FINRA/SIPC. Investment products are: not deposits, not FDIC/NCUA insured, not insured by any government agency, not bank guaranteed, subject to risk and may lose value. 17-BDMKT-2477 AC/CW 9/17

Raymond James’ success was founded on a client-first approach

PLACING CLIENTS FIRST

INTERNATIONAL HEADQUARTERS: THE RAYMOND JAMES FINANCIAL CENTER

880 CARILLON PARKWAY // ST. PETERSBURG, FL 33716 // 800.248.8863

RAYMONDJAMES.COM

LIFE WELL PLANNED.

Success doesn’t happen overnight. Rather, it’s the accumulation of many meticulously thought-out decisions and efforts, each gain a stepping stone to the next. This measured, long-term approach has shaped the service and support Raymond James has provided for investors and financial advisors – enabling the firm to become what it is today without ever compromising service quality or integrity.

As one of the only firms to withstand the market crash of 2008

without government assistance, Raymond James has proved time

and again that client-first service and corporate strength go hand

in hand. And it’s because of this legacy that we can look forward to

a bright future supporting the goals of financial advisors and you,

the client.

A thoughtful ascent, committed to you

Raymond James by the numbers

NEARLY 7,300 financial advisors

BBB+ positive outlookcredit rating S&P*

APPROXIMATELY$664 billion in total client assets

OVER 3,000 locations (United States, Canada and abroad)

A story worth telling

1 CLIENT FIRST The firm takes care of clients and their financial well-being through a focus on people, not products.

2 CONSERVATISM Disciplined decision-making and a long-term approach to financial planning make us conservative, pragmatic and proud of the way we do business.

3 INTEGRITY A straightforward approach to doing business – along with a fundamental belief in doing what’s right – inspires us to work with integrity on a daily basis as we provide the highest caliber of service.

4 INDEPENDENCE As an independent firm made up of empowered individuals who make this company great, there is a spirit of independence in everything we do.

A history of strength and trust

When Bob James founded Raymond James in 1962, he did so

based on a belief that clients deserved more than help with

investment decisions – they needed advice that considered their

entire financial picture. As a result, Raymond James has always

been a different kind of firm. One that embraces long-term

planning, methodical decision-making and remains focused on

what matters most: you, the client.

That approach has continually supported our growth as a

preeminent financial firm serving clients across North America

and overseas. Further, the company has expanded through the

years to serve corporations, institutions and municipalities

through significant capital markets, banking and asset

management services. More than 50 years later, Raymond

James has upheld a reputation of strength and stability through

every kind of market environment. As Bob James first suspected,

by putting the success of others first, the firm’s has followed

close behind.

Our core values

1964 Robert A. James

Investments merges with Raymond

and Associates.

2012Raymond James

acquires Morgan Keegan and celebrates 50 years

of client-first service.

1973Raymond James takes a seat on the New York

Stock Exchange.

1983Raymond James

completes $14 million IPO.

1994Raymond James

publishes the first Client Bill of Rights.

2004300,000-square-foot

Tower 4 at the Raymond James Financial Center

is completed.

1962Bob James founds Robert A. James Investments.

1970Tom James is named CEO.

1974IM&R (later, Raymond James Financial Services) reactivates as a broker/dealer.

1987Raymond James opens in Paris, the first of its international offices.

1999Raymond James subsidiaries IM&R and Robert Thomas Securities merge.

2010Paul C. Reilly succeeds Tom James as CEO.

2017Tom James becomes Chairman Emeritus, with Paul C. Reilly succeeding as Chairman.

FOUNDED IN St. Petersburg, FL in 1962; public in 1983

As of 6/17

required total capital ratioMORE THAN 2x

*A credit rating of a security 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.

Industry recognition and noteworthy milestones made possible by client first service

2016Raymond James expanded investment banking capabilities in Europe with the acquisition of Mummert & Company Corporate Finance GmbH, based in Munich, Germany.

Raymond James extended the naming rights partnership with the Tampa Bay Buccaneers, ensuring Raymond James Stadium will remain the name of the team’s home field through the 2027 season.

2017Raymond James was named to the Fortune 500 list for the second year in a row.

Raymond James Investment Banking was recognized as “Investment Bank of the Year” by The Global M&A Network at the Americas M&A Atlas Awards.

The Raymond James Network for Women Advisors celebrated 23 years.

Raymond James is proud to be recognized by the financial services industry as a purveyor of high-quality service that’s combined with a set of adhered-to values clients can trust. The accolades we’ve garnered and the growth we’ve achieved have all been made possible by individuals like yourself who’ve entrusted your advisor with the important task of supporting your financial well-being and goals.

2016Raymond James’ Canadian subsidiary, Raymond James Ltd., entered into a definitive purchase agreement to acquire 3Macs (MacDougall, MacDougall & MacTier Inc.), a respected independent investment firm founded before Confederation in 1849.

2016Raymond James completed its addition of Deutsche Bank Wealth Management’s U.S. Private Client Services Unit, Alex. Brown, a division of Raymond James, retaining 90% of advisors.

Raymond James analysts ranked 11th among all firms in the 2016 Thomson Reuters Analyst Survey, which ranked Raymond James fourth among all brokers in cumulative Thomson Reuters awards over the past three- and five-year periods.

Proud to support communities and the people in them

Raymond James was founded on a commitment to doing the right thing – not just for clients and financial advisors but for the communities in which we live and work. By putting others’ needs first, we’ve fueled our success as a company while fostering a corporate culture that gives back. Raymond James is proud to have worked with and been recognized by nonprofit organizations across the country.

The Thomson Reuters Analyst Awards objectively measure the performance of analysts in two ways: by the returns of their buy/sell recommendations and the accuracy of their earnings estimates. The 2017 stock picking awards for the United States are based on the 2016 calendar-year performance of recommendations. The 2017 awards for estimating accuracy are based on quarterly periods that reported between April 1,2016 and 31 March 31, 2017. Only analyst performance on companies that are based in the United States is included in the awards calculations. The ranking may not be representative of any one client’s experience, is not an endorsement, and is not indicative of future performance. Raymond James does not pay a fee in exchange for this award/rating. Thompson Reuters is not affiliated with Raymond James.

The FORTUNE 500 is an annual list by FORTUNE magazine that ranks 500 of the largest U.S. corporations based on fiscal-year total revenues. FORTUNE and FORTUNE 500 are registered trademarks of Time Inc. and are used under license. From FORTUNE Magazine, June 15, 2016. ©2016 Time Inc. Used under license. FORTUNE and Time Inc. are not affiliated with and do not endorse products and services of Raymond James Financial, Inc.

The Americas M&A Atlas Awards, presented by Global M&A Network, recognize leaders and honor excellence in the mergers, acquisitions, turnaround and alternative investor communities. From a highly competitive field of entries, the deal-of-the-year award winners were selected based on impact, financial value, deal structure and other metrics. Winners are selected independently based on set of criteria for individual award categories. Deal performance criteria include: (1) deal style, complexity, structure, sector; (2) jurisdiction, negotiation, regulatory; (3) resiliency, brand, leader-ship; (4) transaction impact, financial value, (5) post-acquisition strategy/integration, and more. The ranking may not be representative of any one client’s experience, is not an endorsement, and is not indicative of future performance. Raymond James does not pay a fee in exchange for this award/rating. Global M&A Network is not affiliated with Raymond James.

The award is for a new initiative, program, or enhancement to an existing platform that helps B/D advisors to be more efficient, and enhances the advisor and client experience though technology. Initiatives can include areas such as new cloud platforms, mobile apps, driving adoption of existing technologies, streamlining various processes, integrating multiple systems, user interface im-provements, process speed improvements, ease of use, new capabilities, new features, customizations, etc. Criteria include quantitative measures—such as scope, scale, adoption, usage, feature set, etc.—along with qualitative measures such as innovation, creativity, new methods of delivery, etc. The ranking may not be representative of any one client’s experience, is not an endorsement, and is not indicative of future performance. Raymond James does not pay a fee in exchange for this award/rating. WealthManagement is not affiliated with Raymond James.

The survey includes 1,500 candidates: the 1,000 largest U.S. companies ranked by revenue, along with non-U.S. companies in Fortune’s Global 500 database that have revenues of $10 billion or more. The assortment is then winnowed to the highest-revenue companies in each industry, a total of 680 in 28 countries. The top-rated companies were picked from that pool of 680; the execu-tives who voted work at the companies in that group. To determine the best-regarded companies in 51 industries, Korn Ferry Hay Group asked executives, directors, and analysts to rate enterprises in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent. A company’s score must rank in the top half of its industry survey to be listed. The ranking may not be representative of any one client’s experience, is not an endorsement, and is not indicative of future performance. Raymond James does not pay a fee in exchange for this award/rating. Fortune is not affiliated with Raymond James.

BISA Technology Innovation Award is designed to recognize leadership in the advancement of the financial services industry’s products, services and platforms through technology innovation. This award highlights companies for their commitment to advancements in technology-based solutions for the industry. Technology Innovation Award is limited to products launched in 2016 and is open to BISA Leadership members, as well as Associate and Associate Plus members. The award is not representative of any one client’s experience, is not an endorsement, and is not indicative of future performance. Neither Raymond James nor any of its financial advisors pay a fee in exchange for this award. BISA is not affiliated with Raymond James.

Greenwich Associates’ Quality and Share Leader designations and Excellence Awards are based on more than 40,000 interviews with large corporate and institutional users of financial services products around the world. Research Partners are asked about their use of and demand for specific financial products and services and about important trends in the market. Next they are asked to rate the quality of service received from their service providers across a range of categories. Greenwich Associates aggregates these qualitative ratings into a Greenwich Quality Index (GQI). The award is not representative of any one client’s experience, is not an endorsement, and is not indicative of future performance. Neither Raymond James nor any of its financial advisors pay a fee in exchange for this award. Greenwich Associates is not affiliated with Raymond James.

In 2016, advisors and corporate associates personally donated an estimated $38 million and volunteered 136,125 hours to nonprofit organizations across the country.

Habitat for Humanity of Pinellas County recognized Raymond James as a Golden Hammer Award winner and Habitat Partner of the Year.

Raymond James won first place in the Biggest Company category in the 2016 Tampa Bay Business Journal Philanthropy Awards.

2017In February 2017, Raymond James was again among the top five in the Securities/Asset Management category of Fortune’s World’s Most Admired Companies list.

Raymond James was recognized with the Technology Innovation Award for the fifth consecutive year by the Bank Insurance and Securities Association for the firm’s commitment to technology-based solutions and advancements.

2017Raymond James Client Reporting was named a winner in the 2016 WealthManagement.com Industry Awards.

Raymond James was named a Greenwich Quality Leader award winner for: Overall U.S. Small/Mid-Cap Equity Research Product & Analyst Service Quality and Overall U.S. Small/Mid-Cap Equity Sales & Corporate Access Quality.

As of the end of 2016, Raymond James Tax Credit Funds has helped create 92,000 affordable housing units, providing homes for 227,000 individuals in communities across the country.

Raymond James donated $8.37 million to charitable organiza-tions in 2016, including $5.19 million to the United Way and its partner agencies.

A living legacy

Raymond James has a corporate history to be proud of, and we believe these milestones speak to the firm’s ability to continually adapt to the needs of the client and the market without ever losing sight of the values we were founded on.