Raymond James and Conquest Partner to Transform Financial Planning
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Raymond James and Conquest Collaboration
Raymond James Ltd., the Canadian division of North America's investment dealer Raymond James Financial Inc., has entered a transformative partnership with Conquest Planning Inc. This technology platform is reshaping the financial planning landscape by offering personalized and convenient financial advice. The collaboration aims to enrich the client planning experience for advisors associated with Raymond James, aligning with the company's goal of delivering a rounded approach to wealth management.
Empowering Advisors with AI Technology
Through the integration of Conquest’s cutting-edge artificial intelligence (AI) financial planning platform, Raymond James advisors are enabled to create highly tailored strategies for their clients. This partnership fosters innovative scenario analyses and goal-based planning methodologies, allowing for real-time adjustments that greatly improve the overall customer experience. By embracing Conquest's technology, Raymond James is committed to comprehensive wealth management. This integration paves the way for deeper insights, heightened client engagement, and more customized financial consultations.
Personalization at Its Core
According to Michelle Connolly, Head of Financial Planning and Insurance at Raymond James, the firm's approach revolves around client discovery that is comprehensive and tailored to meet the unique needs of each individual or family. The technology encourages clients to participate actively in their financial strategy development, thereby enhancing engagement and reinforcing the relationship with their advisory team. This synergy is expected to significantly elevate clients' potential for long-term financial success.
Strategic Advice Management
The Strategic Advice Manager (SAM), an integral part of Conquest’s platform, enables Raymond James' advisory teams to assist clients in understanding how their choices influence their financial outcomes. The SAM's pioneering algorithms utilize personalized client data to recommend and prioritize strategies based on individual financial situations. Furthermore, SAM enhances interactivity by delivering transparent recommendations that illustrate how each decision impacts distinct objectives and the wider financial plan.
Commitment to Client Centricity
Jennifer Hodgson, SVP and Head of Wealth Solutions at Raymond James, emphasizes the firm’s commitment to client-centricity as a vital part of their success. The Service 1stSM initiative reflects the principle of prioritizing clients' needs, fundamentally ensuring their prosperity and, by extension, contributing to the overall success of the company and its advisors. The tools offered by Conquest are set to empower advisors, facilitating deeper engagement with clients as they navigate their financial goals.
Adaptable Financial Advice
The software provided by Conquest is designed to accommodate the evolving circumstances, objectives, priorities, and risk tolerances of clients. Such adaptability guarantees that the advice provided remains timely and effective as clients' needs shift. With the simplicity of Conquest’s platform, advisors can deliver 'intelligent' advice directly to clients, complete with integrated financial literacy resources, ensuring a comprehensive understanding of their financial landscape.
Shared Vision for Financial Success
Brad Joudrie, Chief Revenue Officer at Conquest, notes that this collaboration will allow more investors in Canada to access tailored, high-quality guidance to facilitate their financial success. Both organizations share a commitment to equipping consumers with the necessary tools to confidently navigate financial uncertainties and achieve their aspirations.
About Raymond James Ltd.
Raymond James Ltd. serves as the Canadian arm of Raymond James Financial, Inc., positioned as one of North America's premier full-service investment dealers. Since its founding in 1962, the company has been driven by the principle of prioritizing client needs, which continues to underlie its operations. Today, the firm serves individual and institutional investors and corporate issuers, drawing on a vast network of financial and investment advisors who manage substantial client assets.
About Conquest Planning Inc.
Conquest Planning, established in 2018, stands as Canada's forefront financial planning software company. It is dedicated to ensuring that everyone has access to exceptional financial advice. The user-friendly platform integrates AI technology to deliver customized financial solutions efficiently. Founded by a team experienced in financial technology, Conquest remains committed to simplifying and enhancing the financial planning process for all Canadians.
Frequently Asked Questions
What is the main goal of the partnership between Raymond James and Conquest?
The partnership aims to enhance the client planning experience by leveraging Conquest's AI technology for personalized financial advice.
How does Conquest's technology benefit Raymond James advisors?
Conquest's technology allows advisors to create customized strategies and offers tools for scenario analysis and goal-based planning.
Who is Michelle Connolly?
Michelle Connolly is the Head of Financial Planning and Insurance at Raymond James, focusing on enhancing client engagement through innovative technology.
What is the Strategic Advice Manager (SAM)?
SAM is a component of Conquest's platform that helps advisors suggest tailored strategies based on client-specific data.
How does the collaboration affect Canadian investors?
It provides more personalized, expert guidance to help investors achieve their financial goals and navigate uncertainties.
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