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Raymond James Financial has launched “Portfolio Management Center” (or PMC), a portfolio management and research tool for its employee and independent-channel advisors.

The company announced on July 30, that PMC, which is part of the firm’s Advisor Access platform, is powered by FolioDynamix, an open architecture wealth management technology platform provider.

The platform was named 2013 Advisory Services Solution Provider of the Year and 2012 Advisory Solutions Technology Innovation of the Year by the Money Management Institute.

FolioDynamix has a range of functionality and flexibility, creating efficiencies for advisors who have discretionary trading authorization on behalf of their clients. Over the past few months, PMC has received positive results and feedback from an array of advisors who piloted it. For review details click here.