Powered by MoneyGuidePro, Raymond James said GPM would “revolutionize” how its advisors develop retirement and other goal plans for their clients. The new software is part of Advisor Access, the firm’s technology platform launched earlier this year, and will be introduced to all its advisors and branches over the next three months.

“It’s an elegant and effective tool that enhances the close collaboration between advisors and their clients as they work together to align financial decisions with their unique vision of retirement and other highly personalized goals,” said Patrick O’Connor, senior vice president of wealth management solutions.

For example, a retirement analysis can be created with minimal data input, the firm said, using client information and intelligent defaults. There are additional features to enable sophisticated analysis for business owners or executives. The software also includes “stress tests,” allowing advisors and their clients to test changes or potential risks to their plans. 

Raymond James Financial is listed on the New York Stock Exchange and has about $375 billion in client assets, some $40 billion of which are managed by its asset management subsidiaries.