SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Dowdle Jeffrey A (Last) (First) (Middle) 880 CARILLON PARKWAY (Street) ST. PETERSBURG FL 33716 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 02/01/2012	3. Issuer Name and Ticker or Trading Symbol RAYMOND JAMES FINANCIAL INC [ RJF ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) President, AMS - RJA	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	34,530	D
Common Stock	2,400(1)	I	by Daughter ER
Common Stock	6,820(2)	I	ESOP
Common Stock	1,500(1)	I	UTMA Custodian for Daughter EC
Common Stock	1,500(1)	I	UTMA Custodian for Son GT
Common Stock	3,000(1)	I	UTMA Custodian for Son JA
Common Stock	3,000(1)	I	UTMA Custodian for Son MS

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	(3)	11/24/2015	Common Stock	8,000	$25.28	D
Employee Stock Option (right to buy)	(4)	01/22/2017	Common Stock	10,000	$27.1	D
Employee Stock Option (right to buy)	(5)	01/27/2013	Common Stock	7,500	$30.44	D
Restricted Stock Units	12/15/2013	12/15/2013	Common Stock	4,317	(6)	D
Restricted Stock Units	12/15/2014	12/15/2014	Common Stock	6,111	(6)	D

Explanation of Responses:

1. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

2. Includes number of shares acquired under ESOP through January 31, 2012

3. Options becoming exercisable - 2,400 on 11/24/12, 4,000 on 11/24/13 and 1,600 on 11/24/14.

4. Options becoming exercisable - 6,000 on 11/22/14, 2,000 on 11/22/15 and 2,000 on 11/22/16.

5. Options currently exercisable - 4,500; options becoming exercisable - 3,000 on 11/27/2012.

6. Each restricted stock unit represents a contingent right to receive one share of RJF common stock upon vesting and dividend equivalents.

Remarks:

dowdlejeffreypoa.txt

	Jeffrey A. Dowdle by Paul L. Matecki as Attorney-in-Fact	02/06/2012
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.