Raymond James has selected financial data and software company FactSet as its market data provider for financial advisors in Canada.

As agreed, the two organisations will work to implement FactSet’s web-based Wealth Workstation. The move will provide more than 900 wealth management professionals with personalised access to comprehensive multi-asset class market data and analytics.

The platform will also integrate Raymond James’ internal model portfolios and approved lists to boost collaboration between financial advisors and home office research and strategy teams.

FactSet Research and Wealth Management Solutions executive vice-president Goran Skoko said: “Our work with Raymond James highlights our ability to provide enterprise solutions that streamline wealth management workflows with an intuitive platform that helps advisors be better informed, connected, and productive.

“We are excited to collaborate with Raymond James’ Canadian team, who are committed to enhancing the advisor experience with better technology, driving stronger results for them and their clients.”

Raymond James Wealth Management executive vice-president Jamie Coulter said: “Ensuring our advisors have the best possible technology and data support to better serve their clients is a key priority for Raymond James.

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“FactSet’s solution raises the bar in our ability to deliver best in class market data and provide for our advisors and the individual investors and families they serve.”

Raymond James is an independent full service investment dealer with a network of more than 8,400 financial/investment advisors and portfolio managers across Canada, the US and internationally.

The company’s service portfolio includes wealth management services, financial and estate planning services, portfolio management, insurance, investment banking and institutional sales among others.

The investment dealer has more than $1.17trn in client assets under administration.