Raymond James To Acquire Clark Capital Management Group

Core Viewpoint - Raymond James has announced the acquisition of Clark Capital Management Group, a leading asset management firm with over $46 billion in discretionary and non-discretionary assets under management, highlighting its commitment to expanding its investment management capabilities and enhancing service offerings to financial advisors and their clients [1][10]. Group 1: Acquisition Details - The acquisition is expected to close in the third calendar quarter of 2026, subject to customary conditions and regulatory approvals [2]. - Clark Capital will retain its brand and operate as an independent boutique investment manager within Raymond James Investment Management [2]. Group 2: Services and Capabilities - Clark Capital specializes in custom multi-asset-class solutions, proprietary model portfolios, and '40-Act mutual funds, supported by a dedicated high-net-worth service team [3]. - The partnership aims to enhance product and service innovation, advisor support, and the overall client experience while preserving Clark Capital's existing leadership team and service model [5]. Group 3: Strategic Alignment - The acquisition aligns with Raymond James' strategy to build a leading global asset manager and underscores its commitment to delivering innovative investment solutions [4]. - Both organizations share a client-first, advisor-centric approach, which is expected to strengthen their market position in advisor-focused channels [4][5]. Group 4: Company Backgrounds - Clark Capital, founded in 1986, has a strong track record of growth and client-centric service, focusing on adding value for clients through risk-adjusted returns and personalized investment strategies [10][11]. - Raymond James Financial, a diversified financial services company, manages total client assets of $1.77 trillion and operates multiple investment management firms under its umbrella [8][9].