Raymond James Investment Services unveiled what it described as some trading 'innovations' for its wealth managers at its tenth conference in the UK.
Addressing delegates in London, Cynthia Poole, the company's director of relationship management and business support, confirmed that the firm's network of UK wealth managers will be supported by the ability to 'monitor portfolio drift' as well as create 'blended models'.
Ms Poole explained the changes, saying at yesterday's conference: "We are pleased to announce that our network of wealth managers will now be able to more effectively monitor client portfolios and see when they have drifted away from their associated model.
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"We know that a key area of risk and potential for client complaints is a wealth manager not managing to the mandate that was agreed with the client.
"Our new portfolio drift monitoring functionality provides the ability for wealth managers to more easily recognise movements outside of the tolerances they have set, which then prompts them to rebalance and bring the portfolios back in line.
"Aside from helping to mitigate risk, it supports wealth managers in delivering a superior investment solution to their clients that differentiates them from their competitors."
The second aspect involves the ability for wealth managers to now more efficiently create and maintain blended models.
Ms Poole said it would be a "real time saver" and reduce the chance of errors.
She said: "Wealth managers may wish to run a series of core models, with a simple example being an equity model, a fixed income model and an alternatives model.
"Ideally they would like to blend these models (for example, blending the equity and fixed income to create a balanced model).
"And with our new blended modelling tool, wealth managers will just need to maintain their core models and the blended models will automatically update in the proportion they have specified.
The company has signed up 13 new firms or branches since January 2013, which represents 20 new wealth managers.
Ms Poole said it is the strongest recruiting year since 2009.
On 31 March, Raymond James reported another increase in assets to £3.86 billion - a 17% increase for the 12 month period to the end of March 2014.