Core Insights - Raymond James Financial, Inc. (RJF) has agreed to acquire Clark Capital Management Group, which manages over $46 billion in discretionary and non-discretionary assets, with the deal expected to close by Q3 2026, pending regulatory approvals [1][8] Company Overview - Clark Capital, founded in 1986, is known for its wealth-oriented investment solutions, focusing on multi-asset-class strategies and proprietary model portfolios, primarily targeting high-net-worth clients through financial advisors [2] Deal Structure and Implications - Post-acquisition, Clark Capital will retain its brand and operate as a separate boutique investment manager within Raymond James Investment Management, maintaining its leadership team and service model [3] - The acquisition is aligned with RJF's long-term strategy to enhance its asset management footprint and broaden investment solutions for financial advisors and their clients [4] Strategic Growth - RJF has a history of expanding its operations through acquisitions, including a majority interest in GreensLedge Holdings in October 2025 and entering the private credit business in fiscal 2024 [5][6] - The acquisition of Clark Capital is expected to strengthen RJF's multi-boutique platform and enhance advisor-focused solutions [8] Market Performance - Over the past three months, RJF's shares have increased by 6.2%, compared to a 9.5% growth in the industry [7]

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].