PRESENTATION TO: Don A. d Adesky Managing Director RaymondJames-TheAmericasGroup.

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1 PRESENTATION TO: Don A. d Adesky Managing Director TheAmericasGroup@RaymondJames.com RaymondJames-TheAmericasGroup.com 1

2 RAYMOND JAMES AT A GLANCE Raymond James has delivered 111 consecutive quarters of profitability. We credit much of this performance to the firm s client-first perspective and adherence to its founding core values of professional integrity, advisor independence, and a conservative, long-term approach to investing. BY THE NUMBERS Approximately 6,600 financial advisors Over 2,700 locations (United States, Canada and abroad) More than 2.7 million client accounts Approximately $480 billion in total client assets STRENGTH AND STABILITY Diluted Earnings Per Share Trailing 10 Years Fiscal 2015 Total Revenue By Primary Segments HONORS AND ACCOLADES In September 2015, Raymond James Practice Intelligence was named a winner in WealthManagement.com s inaugural Industry Awards. In May 2015, The Raymond James Equity Research department received a total of 15 awards in the 2015 StarMine Analyst Awards, ranking the firm third among all brokers in cumulative StarMine awards for the U.S. over the past three and five years. In January 2015, M&A Advisor named the Raymond James Investment Banking practice Investment Banking Firm of the Year in addition to three Deal of the Year awards at the M&A Advisor Turnaround Awards. As of 9/30/2015. Investing involves risk, and investors may incur a profit or a loss. Past performance is not an indication of future results. The information provided is for informational purposes only and is not a solicitation to buy or sell Raymond James Financial stock. The M&A Advisor Turnaround Awards represent the best of the distressed investing and reorganization industry in Nominations were judged by an independent jury of industry experts The StarMine Analyst awards are based on calendar-year performance of recommendations and estimates on companies that are based in the U.S., Europe and Asia. StarMine, a Thomson Reuters company, objectively measures the performance of analysts based on the returns of their buy/sell recommendations and the accuracy of their earnings estimates. Criteria for the WealthManagement.com s Practice Management award include quantitative measures such as scope, scale, adoption, usage, feature set, advisor survey scores, etc. along with qualitative measures such as innovation, creativity, new methods of delivery, etc Raymond James & Associates, Inc., member New York Stock Exchange/SIPC 2015 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. 15-BDMKT

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4 PRESENTATION TO: R Joseph Vandergrift Managing Director joey.vandergrift@raymondjames.com

5 Background Proprietary Online Portfolio Management System, Introduced in Fall 1999 CMO/Structured Cashflows Calculated by Intex, Prepayment Model Speeds Provided by Yieldbook Free Access to RAYMOND JAMES Clients Reviewed and Utilized by Various Regulatory Entities 5

6 9,431 Enrolled Users User Statistics 6,399 Portfolios $2,599,214,473,144 in Current Par $406,190,728 Average Portfolio Over 70,000 Individual Calculations Performed Daily 6

7 Interactive View of Portfolio Characteristics 7

8 Portfolio Interest Rate Sensitivity & Projected Cashflows 8

9 User Defined Interest Rate Scenario Selections 9

10 Interest Rate Sensitivity & Cashflows 10

11 Single Bond Analytics Single Bond Analytics Allows the capability to analyze securities on demand based on user defined criteria (price, speed and/or interest rate assumptions, etc.) 11

12 Enter the settlement date (MM/DD/YYYY) 2. Enter or Adjust the Market Price (can use /32 s) 3. Click on Recalculate 12

13 Click to view shocked data environments 13

14 eswap Capabilities eswap Functions: Ability to utilize individual settlement dates for each security User has the ability to specify custom prepayment estimates for each mortgage-related security One-click ability to include/exclude securities to evaluate different strategies 14

15 eswap Pre-Purchase Compliance 15

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18 In one step, the user modifies any information needed and chooses calculation models and other optional details. When setup is complete, the entire swap is calculated and results displayed. 18

19 When the calculations are completed, the screen refreshes and displays the results of the simulation 19

20 The Transaction page also displays the economics of the swap 20

21 The Swap details function allows for further analysis including shifting interest rates and various horizons 21

22 Once a swap is simulated, the user can view the impact of the transaction to the overall portfolio 22

23 DISCLAIMERS AND DISCLOSURES The information contained herein is based on sources considered to be reliable but is not represented to be complete and its accuracy is not guaranteed. The opinions expressed herein reflect the judgment of the author at this date and are subject to change without notice and are not a complete analysis of every material fact respecting any company, industry or security Raymond James & Associates, Inc. and affiliates and their officers, directors, shareholders and employees and members of their families may make investments in a company or securities mentioned herein before, after or concurrently with the publication of this report. Raymond James & Associates, Inc. may from time to time perform or seek to perform investment banking or other services for, or solicit investment banking or other services from any company, person or entities mentioned herein. Neither the information nor any opinion expressed herein constitutes a solicitation for the purchase or sale of any security. Raymond James & Associates, Inc. makes no representation as to the legal, tax, credit, or accounting treatment of any transactions mentioned herein, or any other effects such transactions may have on you and your affiliates or any other parties to such transactions and their respective affiliates. You should consult with your own advisors as to such matters. 23

Securities offered through Raymond James Financial Services, Inc., Member FINRA/SIPC

Securities offered through Raymond James Financial Services, Inc., Member FINRA/SIPC PRESENTED TO: PROSPECTIVE CLIENTS Neil Garrison, Financial Advisor Chaz Price, Financial Advisor 7261 West Central Ave. Toledo, Ohio 43617 419-214-4000 Neil.Garrison@RaymondJames.com Chaz.Price@RaymondJames.com

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