Raymond James Financial,
the Florida-based wealth manager, is introducing the software program Goal Planning & Monitoring
to its advisors.

Powered by
MoneyGuidePro, Raymond James said GPM would “revolutionize” how its advisors develop
retirement and other goal plans for their clients. The new software is part of Advisor
Access, the firm’s technology platform launched earlier this year, and will be introduced to all its advisors and branches over the next three months.

“It’s an elegant
and effective tool that enhances the close collaboration between advisors and
their clients as they work together to align financial decisions with their
unique vision of retirement and other highly personalized goals,” said Patrick
O’Connor, senior vice president of wealth management solutions.

For example, a
retirement analysis can be created with minimal data input, the firm said,
using client information and intelligent defaults. There are additional
features to enable sophisticated analysis for business owners or executives. The software
also includes “stress tests,” allowing advisors and their clients to test
changes or potential risks to their plans. 

Raymond James
Financial is listed on the New York Stock Exchange and has about $375 billion in
client assets, some $40 billion of which are managed by its asset management subsidiaries.