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For hourly work, advisors can switch shoppers’ or prospects’ monetary plans held in several software program or instruments to the paraplanners, who will rebuild the plans within the agency’s Objective Planning & Monitoring (GPM) program. This service might show helpful to advisors shifting to Raymond James from different broker-dealers, the agency says.
Utilizing extra complete providers, advisors can have paraplanners create “a brand new GPM plan or carry out an in-depth evaluation of an present plan, with the choice to co-present the plan or findings to the consumer” or prospect, Raymond James defined in a press launch.
In a pilot program, a paraplanner did a “thorough {and professional} presentation … with husband and spouse shoppers with practically $3 million in property,” defined advisor Terry Marti of the Monetary Methods Group in Huntsville, Alabama, in an announcement. “This helped solidify the connection and will probably assist herald some property from relations.”
General, Raymond James consists of about 8,700 monetary professionals working with $1.3 trillion of consumer property as of Dec. 30, 2023.
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