As a result, Raymond James now provides data integration directly to Prestwood, Intelliflo and Adviser Office, as well as to the Morningstar Adviser Workstation, it said in a statement.   

“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,” said Cynthia Poole, director of relationship management and business support at Raymond James.