Toronto-based Raymond James Ltd., the Canadian subsidiary of Raymond James Financial, Inc., has given their advisors access TSX NAVex and NEO Connect, the two exchange platforms announced on Monday.
The TSX NAVex platform, accessed through the Toronto Stock Exchange, provides discretionary advisors the ability to bulk trade mutual funds, allowing them to spend less time on trading administration.
Raymond James is also now fully operational on NEO Connect, giving clients access to the benefits associated with platform traded-funds (PTFs). PTFs are available exclusively on the NEO Connect platform.
“We are committed to offering world class products to our clients and this innovative solution will empower our investment advisors to do so with added efficiency,” says Mario Addeo, executive vice-president and head of private client solutions at Raymond James, in a statement.
“We were immediately interested in the benefits and efficiencies made possible by NEO Connect and are proud to extend this experience to our advisor network so we can continue to offer our clients access to high quality products and services,” he adds.