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Raymond James joins NEO Connect


Raymond James Ltd, the Canadian arm of North American full-service investment dealer Raymond James Financial Inc, has joined NEO Connect, a Canadian fund distribution platform for both prospectus and private/offering memorandum (OM) funds, including Platform Traded Funds (PTFs).

Raymond James is now fully operational on NEO Connect, enabling its approximately 500 investment advisors, including its correspondent network clients across Canada, to gain access to the benefits associated with PTFs. Those benefits include more efficient, actively managed mutual funds for investors without having to meet minimum investment requirements or needing to link accounts to reach certain thresholds. 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 Ltd. “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.”
NEO Connect allows participating investment advisors to benefit from an exceptional user experience, by letting them transact mutual funds the same way as listed securities or ETFs. For fund manufacturers, NEO Connect combines the efficiency of execution and cost savings with access to a rapidly growing distribution network.
“We are pleased to see Raymond James adopt our platform and are proud to welcome them as the most recent adopter,” says Jos Schmitt, President & CEO, NEO. “NEO Connect is available to dealers at no cost and streamlines the purchase and redemption process, making it easier and more cost-effective for investors and advisors to transact a suite of actively managed funds.”

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