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Raymond James Launches 'Practice Exchange' Platform for FAs with Help of FindBob

FindBob has partnered with Raymond James Financial to develop and launch a succession planning platform.

Raymond JamesComplementing its succession and acquisition consulting infrastructure, Raymond James' "Practice Exchange" platform comprises a new marketplace, enhanced practice management and education, and M&A tools, the company says.

Powered by FindBob, "Practice Exchange" is a cloud-based tool that uses algorithms to match prospective sellers and successors. The platform focuses on three areas:

  • Increased efficiency via a marketplace that, powered by matchmaking algorithms, helps advisors discover opportunities for growth and succession.
  • Empower advisors with educational resources and planning tools that help inspire action throughout the growth or succession strategy they choose.
  • Provide advisors with the ability to take control of the succession processes through an online deal room that provides them control over confidentiality, selection of buyers, and accelerates them to the deal-making process.

"As advisors plan for the future of their businesses, they need innovative retention and recruitment strategies," says Roland Chan, founder and CEO of FindBob. "Raymond James has been at the forefront of encouraging succession planning in the industry for years, and we're excited to offer our leading transition management platform as the firm amplifies and scales their expertise to continuously address the needs of their advisors."

Read the full press release from FindBob.

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