Raymond James Rolls Out Alerts Portal and Succession Planning Platform

In addition to easing the burden of succession planning, the firm is seeking to create more efficient collaboration among financial advisers and their teams.

By DJ Shaw

Raymond James has launched a new portal for financial advisers and their teams that consolidates firm, department and practice notifications into one centralized dashboard, according to Chief Information Officer Vin Campagnoli.

The Alerts Portal is customizable and allows advisers to create multiple ways to organize and forecast tasks for individuals and teams. Integration across the Raymond James technology platform enables advisers to more easily respond to notifications that impact their clients and business.

“The Alerts Portal is another tool we’ve incorporated into our technology suite to help financial advisers and their teams stay organized and manage their to-do lists, all from a centralized portal,” Campagnoli says. “This new tool supports greater efficiency and collaboration.”

Teams can set notification priorities based on their individual roles to maximize efficiency, with the added ability to claim alerts and add comments that are visible to others in real time. Raymond James says interactive graphs that dynamically display what the day will look like, along with the ability to take notes and view each alert’s action history, make it easy to take ownership and collaborate on key tasks.

A variety of preferences enable advisers and their team members to customize the portal based on their business needs, including personalizing priority levels. The firm says its Alerts Portal simplifies the process of alert management so advisers and teams can spend more time connecting with clients and growing their businesses.

Alongside the Alerts Portal, Raymond James has also launched a new Practice Exchange solution billed as “a robust and holistic succession planning platform for Raymond James advisers.”

Robert Goff, vice president, succession and acquisition planning at Raymond James, explains that the Practice Exchange solution is a cloud-based tool powered by FindBob. It is designed to bring clarity and ease to the succession planning process for advisers looking to grow their practices, protect their assets and/or prepare for their own retirements.

According to Goff, the new platform offers financial advisers a one-stop location for merger and acquisition (M&A) tools, prospective buyer/seller matching and succession planning education. 

“We’re committed to developing the support resources financial advisers need to plan for their clients’ financial futures, and for the future of their own practices,” adds Scott Curtis, Raymond James Private Client Group president. “Building on our long-established succession and acquisition consulting support, we’re introducing this application to streamline and facilitate the succession planning process for advisers.”

To streamline and facilitate succession and acquisition planning, the Practice Exchange platform offers financial advisers the following capabilities:

  • Succession matching, described as a proprietary algorithm to connect sellers and prospective acquirers based on preferences and business attributes;
  • Valuation and education support, alongside additional financing tools;
  • Catastrophic and succession planning; and
  • Secure information sharing, providing a secure space to review agreements, perform due diligence and negotiate with future partners.