RJF to Buy Clark Capital to Strengthen Asset Management Business

Key Takeaways Raymond James agreed to buy Clark Capital, a Philadelphia-based asset manager with more than $46B in assets.Clark Capital will operate as a standalone boutique within Raymond James Investment Management.RJF expects the deal to strengthen its multi-boutique platform and expand advisor-focused solutions.Raymond James Financial, Inc. (RJF) has agreed to acquire Clark Capital Management Group, a Philadelphia-based asset management company with more than $46 billion in discretionary assets under ma ...