Press Releases

24 October 2011

Raymond James further improves transparency and reporting for their wealth managers through Prestwood partnership

(LONDON) – Raymond James Investment Services can today announce their integration with Prestwood Software Ltd to offer their wealth managers greater transparency and improved efficiency in their back office software and reporting.

Cynthia Poole, Director of Relationship Management and Business Support at Raymond James said:

“Raymond James recognises that spending on technology is key in order to grow our open architecture platform and will continue to do so in order to give the wealth managers we work with the best possible service. For firms using our Wrap Platform, the benefit of offering integration with popular financial planning back office software systems such as Prestwood is evident. It increases efficiency allowing them more time dealing with clients rather than completing administrative tasks. In addition, for IFAs who outsource to Raymond James discretionary managers, the data integration allows the IFAs to keep track of their clients’ portfolios and ensure they remain in line with the clients’ financial plans. This is reassuring to both the advisers and their clients who want full transparency.”

Greg Parker, Investment Manager at Grierson Dickens Ltd Chartered Financial Planners explains what this software means to them:

“The integration with Prestwood will allow us to spend more time dealing with clients rather than dealing with administration issues.  It is quick and easy to update current balances for all clients replacing the manual updating process that was previously required. The daily feed from the Raymond James platform directly into Prestwood means data on client asset statements and financial plans always remain accurate and up to date, and the data feed into the investment tab means we can produce valuations and asset allocation summaries that are consistent with our clients financial plans.”

Philip Congrave, MD at Prestwood Software said:

“Cash flow modelling and sophisticated software for use in front of clients is now becoming an essential tool for wealth managers, and I’m delighted that Raymond James have recognised that Prestwood Software is the leading provider and has joined in partnership with us.”

Raymond James now provides data integration directly to Prestwood, Intelliflo and Adviser Office, as well as to the Morningstar Adviser Workstation.

For more information on the Raymond James Investment Services platform please contact Peregrine Communications.

Enquiries

Peregrine Communications:
Jayne Adair
020 3178 8187
Jayne.Adair@peregrinecommunications.com

Emily Church
020 3178 5013
Emily.Church@peregrinecommunciations.com

Karen Wagg
020 3178 4890
Karen.Wagg@peregrinecommunications.com

Notes to the Editors

About Raymond James Investment Services Limited (Raymond James)

Raymond James Investment Services Limited (Raymond James) provides a full support package to independent wealth managers who want the freedom to own and operate their own boutique businesses whilst having the backing of a recognised leader in private client investment management. By offering wealth managers access to a comprehensive selection of products and tools, in addition to robust compliance and supervision services where appropriate, we enable them to meet the individual needs of their clients in the most cost effective and timely manner. We do not centrally manufacture or distribute proprietary products in the UK; rather we offer wealth managers access to a broad range of assets and tax wrappers, ensuring there is no conflict to their independence.

Raymond James Investment Services offer three business models, including Independent Contracting, Professional Partner and the Wrap Platform. The Raymond James Adviser Choice proposition provides investment professionals with a spectrum of solutions to help them build their businesses, based on their needs and goals and enables wealth managers to move between these business models as their needs evolve.

Raymond James is the UK private client investment management arm of Raymond James Financial, Inc., a diversified financial services company headquartered in St. Petersburg, Florida, USA. Figures for June 30th 2011 show Raymond James supports 67 independent investment practices, which represent a number of experienced and well regarded private client investment managers, stockbrokers and investment-focused financial planners located throughout the UK. The firm commenced operation in 2001 and now has 14,850 client accounts representing total assets of £2.6 billion (US$4.2 billion).

Raymond James Investment Services is a member of the London Stock Exchange and is authorised and regulated by the Financial Services Authority. Its Registered Office is at 77 Cornhill, London EC3V 3QQ. Registered in England and Wales No. 3779657.

*Raymond James stats as of 30 June, 2011.

About Prestwood

Prestwood Software Ltd is part of The Prestwood Group, founded by Paul Etheridge, MBE. Prestwood Software is developed by Planners for Planners. The Company exists solely to develop and support top of the range programs for Financial Planners in the UK, and Prestwood^® Professional Software is widely recognised as the UK's leading software in the lifestyle linked sector. In 2007, Truth Financial Planning Software® was launched, a simplified version of Prestwood^® Professional. For more information, contact: Jane Day on 07795 262865, email jane@lococomms.com