Exhibit

We consent to the incorporation by reference in the registration statements (Nos. 333-103280, 333-98537, 333-125214, 333-141998, 333-142000, 333-157516, 333-157519, 333-179683, 333-209628) on Form S-8 and (Nos. 333-159583, 333-181663, 333-204400) on Form S-3ASR of Raymond James Financial, Inc. and subsidiaries of our reports dated November 21, 2017, with respect to the consolidated statements of financial condition of Raymond James Financial, Inc. and subsidiaries as of September 30, 2017 and 2016, and the related consolidated statements of income and comprehensive income, changes in shareholders’ equity, and cash flows for each of the years in the three-year period ended September 30, 2017 and the effectiveness of internal control over financial reporting as of September 30, 2017, which reports appear in the September 30, 2017 annual report on Form 10-K of Raymond James Financial, Inc.