UPDATE 1-Raymond James posts 13 pct drop in qtrly profit

* Fiscal 4th-qtr profit hurt by lower revenue

* Profit beats Wall Street view

* Shrs fall in regular trade, rise moderately post-mkt

NEW YORK, Oct 21 (Reuters) - U.S. brokerage Raymond James
Financial Inc (RJF.N) (RJF.N) reported a 13 percent drop in
quarterly profit on Wednesday, as fees from trading and
investment advice fell.

Net income for the fiscal fourth quarter ended Sept. 30 was
$43 million, or 36 cents a share, down from $49.1 million, or
41 cents, a year earlier.

Net revenue fell 4 percent to $667.2 million.

Analysts on average expected a profit of 27 cents per share
on revenue of $631 million, according to Thomson Reuters
I/B/E/S.

The company's stock rose as much as 16 cents, or nearly 1
percent, after the earnings report.

Securities commissions and fees revenue fell 2 percent to
$440.4 million, while investment advisory fees fell 28 percent
to $36.8 million, and financial service fees also fell 4
percent to $31.6 million.

Non-interest expense was roughly the same as a year ago at
$610.3 million.

The St. Petersburg, Florida-based company said it had
client assets of about $223 billion at the end of the period,
compared with $197 billion a year ago.

Ahead of the results, Raymond James shares closed down 2.3
percent, or 57 cents a share, at $24.04 on the New York Stock
Exchange.

The date the company expected to release results had not
been announced in advance.
(Reporting by Lilla Zuill, editing by Matthew Lewis)