Raymond James Financial, Inc. (RJF) F3Q10 (Qtr End 06/30/10) Earnings Call Transcript July 22, 2010 8:15 am ET Executives Paul Reilly – CEO Jeff Julien – SVP, Finance and CFO Chet Helck – COO Steven Raney – President and CEO, Raymond James Bank Tom James – Executive Chairman Analysts Devin Ryan – Sandler O'Neill & Partners L.P. Daniel Harris – Goldman Sachs Hugh Miller – Sidoti & Company Christopher Nolan – Maxim Group Steve Stelmach – FBR Capital Markets Joel Jeffrey – Keefe, Bruyette & Woods Douglas Sipkin – Ticonderoga Securities PresentationPaul Reilly
Good morning. Pleased to be here to present our third quarter 2010 results, which compared favorably to last year and third quarter and the sequential quarter. You are hearing a different voice than you have. You know Tom has been for four years presenting to our lead spokesman, presenting to our investors. So, although you have a new voice, you are not going to, if you are looking for a lot of change, you are going to be a little disappointed. Raymond James will still continue its conservative management as long-term orientation in the cantor which are used to on these calls. The transition I think has gone exceedingly well. We have been able to reduce Tom’s working load from 80 hours to 70 hours as he continues to be extremely involved and help us all continue the direction for Raymond James. Our call is going to take a little different format today. We are going to give it a try and see how it works. I am going to give you kind of a general overview and then do an overview by segment and Jeff Julien, our CFO will then join in and talk about that segment, and then we will move on to the next segment. We are going to see how that works. We also have a lot of support in the room here. I have Chet Helck, our COO and Head of our PCG segment. Tom and Jeff as I have indicated, Paul Matecki, our Chief General Counsel; Steven Raney, Head of our Bank; and Jennifer Ackert. So, we should be able to answer anything you have.