Raymond James Creates Portfolio Management Tool

The tool is available to advisers at Raymond James as part of the firm’s Advisor Access platform and enables a fully discretionary modeling, rebalancing and trading platform for an adviser’s business. According to Vin Campagnoli, chief information officer at Raymond James, FolioDynamix was chosen for its range of functionality and flexibility, which creates efficiencies for advisers who have discretionary trading authorization on behalf of their clients.

“We have already rolled out new proposal and research tools, and are now launching upgraded technology for discretionary manager programs, all while providing a single, seamless Web interface for advisers,” Campagnoli said.
The Portfolio Management Center can generate customized client proposals for clients; perform discretionary modeling, trading and rebalancing; and access Raymond James proprietary research within the context of investment and account analysis.

The tool has been tested by several Raymond James advisers over the past few months, with positive results. An early pilot user of the program, David McKee of Fairfax, Virginia, called the software functional, easy to use, and a state-of-the-art discretionary order entry platform. Joel Faircloth, an adviser in Portland, Oregon, said it changed the way he trades and monitors client portfolios. The Portfolio Management Center allows him to reallocate discretionary portfolios within minutes. Customizable trading rules and automated portfolio tracking are two features he cited. Todd Knickerbocker, an adviser in Northville, Michigan, called the platform intuitive and said it eliminated many of the cumbersome, manual functions found in the old system and streamlined the process.

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