Raymond James, an independent financial services firm based in Canada, has forged a strategic partnership with wealthtech platform FNZ to develop its next-generation wealth management platform.  

The agreement includes investment by Raymond James to advance the digital transformation of its wealth management infrastructure. 

Under the partnership, Raymond James will utilise FNZ’s integrated, end-to-end wealth management platform to modernise its operations.  

FNZ’s platform is designed to prioritise clients and digital engagement, aiming to streamline processes and offer personalised services throughout the wealth management lifecycle.  

With this, clients of Raymond James are expected to experience improved digital services.   

Raymond James CEO Jamie Coulter said: “As a client-first organisation, we took the time to engage with our advisors, branch associates and clients to define the future of wealth management.”  

“This isn’t just a technology upgrade—it’s a quantum leap in the support we provide our advisors in their delivery of exceptional client service. We’re listening, investing, and acting to deliver smarter, more connected experiences for our partners and clients.” 

Raymond James plans to invest around $1bn globally in the fiscal year 2025, with a focus on bolstering its information security infrastructure, including a Cyber Threat Center.  

FNZ Group CEO Blythe Masters stated: “We are delighted to partner with Raymond James Ltd. to deliver a next-generation wealth management platform that will transform the advisor and client experience across Canada.  

“We’re excited to bring this innovative platform to life and support Raymond James Ltd. in setting a new standard for wealth management in Canada.” 

FNZ, which collaborates with over 650 financial institutions and manages assets exceeding $1.7tn for 26 million investors, appointed Aashish Kamat as the new group CFO and member of the executive committee in February.