Raymond James Financial has expanded its digital marketing program for advisors, adding Instagram Professional to the list of advisors' marketing tools, the firm said Tuesday.
The company intends to continue expanding advisors' marketing capabilities, with "plans for a focused launch of YouTube and Spotify podcasting in the coming months," it disclosed.
These capabilities support advisor brand-building and help practices develop deeper connections with their clients, Raymond James said.
The firm ramped up its tech offerings last year and planned to invest about $500 million in technology during fiscal 2022 as it sought to strengthen the capabilities of its advisors and improve the overall advisor and client experience, Paul Reilly, Raymond James Financial CEO, told ThinkAdvisor last spring.
Raymond James didn't specify how much it plans to spend on digital marketing capabilities this year.
But "the firm's annual investment in technology has increased from $500 million in 2022 to $700 million in 2023," a company spokesperson told ThinkAdvisor on Tuesday.
Since 2011, Raymond James has been offering advisors support in posting on popular social platforms including Facebook, LinkedIn and Twitter.