Raymond James has reached an agreement to acquire Clark Capital Management Group, a Philadelphia-based asset management firm with over $46 billion in discretionary and non-discretionary assets under management. Following the expected closing by the third quarter of 2026, Clark Capital will retain its brand and operate as an independent boutique investment manager within Raymond James Investment Management. Clark Capital specializes in custom multi-asset-class solutions, proprietary model portfolios, and mutual funds, and is known for its dedicated high-net-worth service team and strong industry growth. The partnership is intended to enhance Raymond James Investment Management’s offerings for financial advisors and their clients.
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