Raymond James, the largest independent financial services firm in Canada, has announced a deal to deliver FNZ’s next-generation wealth management platform.
Under the agreement, Raymond James will make a significant investment to accelerate the digital transformation of FNZ’s wealth management infrastructure.
Designed to deliver AI-powered capabilities and advanced digital capabilities, the FNZ platform will strengthen Raymond James’ value proposition.
“As a client-first organisation, we took the time to engage with our advisers, branch associates and clients to define the future of wealth management,” said Raymond James CEO Jamie Coulter.
“This isn’t just a technology upgrade — it’s a quantum leap in the support we provide our advisers in their delivery of exceptional client service.
“We’re listening, investing and acting to deliver smarter, more connected experiences for our partners and clients.”
FNZ raises US$500m in new capital from shareholders
The new platform is built with a client-centric, digital-first design that improves efficiency, speed and personalisation across the full wealth lifecycle.
Advisers will gain a modern, intuitive operating environment, enabling more meaningful client engagements.
Investors, meanwhile, will benefit from improved digital experiences and real-time capabilities, backed by the security and performance provided by the FNZ platform.
FNZ partners with more than 650 financial institutions globally on behalf of 26 million end investors and administers more than US$1.7trn in assets.
FNZ Group CEO Blythe Masters said: “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.
“North America is a key market for FNZ, and this partnership reflects our long-term commitment to investing in the region.
“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.”
Raymond James expects to invest approximately US$1bn globally in 2025, with a strong emphasis on information security infrastructure.
