Raymond James Unveils Financial Planning Software

The software is designed to make it easy for advisers to develop retirement plans, and to foster collaborative interaction between the firm’s advisers and their clients, according to Patrick Connor, senior vice president, wealth management solutions. “It’s an elegant and effective tool that enhances the close collaboration between advisers and their clients as they work together to align financial decisions with their unique vision of retirement,” Connor said.

The tool exemplifies the company’s commitment to technology investments that support advisers as well as Raymond James’ emphasis on financial planning as an integral part of a client-centric advisory process, Connor said. “With GPM, advisers at Raymond James can create a living plan that uses the client’s unique goals and priorities as the foundation of their ongoing recommendations,” he said. “With a single click, they can revise a plan with up-to-date holdings and values, making it more efficient to use in ongoing client review meetings.”

GPM enables advisers to customize the level of planning they do for each client in a streamlined workflow. A retirement analysis can be created quickly with minimal data input, by integrating Raymond James client information and through defaults. Business owners and executives can analyze their retirement plans with a single click.

Plan results can be presented on an iPad, a monitor in the adviser’s office, the firm’s Investor Access client site or in hard copy. Raymond James will introduce GPM to all of its advisers and branches over the next three months along with educational programs and hands-on training sessions.