Raymond James to Acquire $46B Asset Manager Clark Capital

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Raymond James Investment Management, the asset management subsidiary of Raymond James, is set to acquire a $46 billion asset manager as the seventh firm in its boutique investment management division. St. Petersburg, Fla.-based Raymond James announced Thursday that it had agreed to acquire Clark Capital Management Group, a Philadelphia-based asset manager founded in 1986 and owned by both famil ...