Raymond James Acquires Clark Capital Management Group

Raymond James announced today that it has reached an agreement to acquire Clark Capital Management Group. Founded in 1986 by Harry Clark, Philadelphia-based Clark Capital is a leading asset management firm specializing in wealth-focused solutions, with over $46B in discretionary assets under management and non-discretionary assets. Clark Capital is recognized as a high-growth firm in the industry and has a track record of strong inflows. Following the closing of the acquisition, expected by the third calendar quarter of 2026, Clark Capital will maintain its brand and become an independent boutique investment manager within Raymond James Investment Management, a global asset management company and division of Raymond James Financial, Inc. The closing is subject to the satisfaction of customary conditions, including regulatory approvals. Clark Capital provides custom multi-asset-class solutions, proprietary model portfolios, and '40-Act mutual funds to financial advisors and their clients. These investment strategies are supported by Clark Capital's dedicated high-net-worth service team, which delivers personalized guidance, including wealth planning services, and acts as an extension of advisors' practices. Together, these services and capabilities build upon and further strengthen Raymond James Investment Management's existing investment and wealth planning offerings. Clark Capital will retain its existing leadership team, brand, investment capabilities, and service model. The partnership is designed to support Clark Capital's long-term growth while leveraging Raymond James Investment Management's scale, resources, and distribution capabilities to further enhance product and service innovation, advisor support, and the client experience.