Raymond James has agreed to acquire Clark Capital Management Group, an asset manager based in Philadelphia with more than $46bn in managed assets.
The transaction is expected to be finalised by the third quarter of 2026, pending regulatory approval and standard closing conditions.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Clark Capital, established in 1986 by Harry Clark, offers a range of investment solutions including multi-asset-class portfolios, proprietary model portfolios, and mutual funds.
The firm works primarily with financial advisers and their clients, providing tailored investment strategies and wealth planning services.
Upon completion of the acquisition, Clark Capital will continue to operate under its own name as an independent boutique within Raymond James Investment Management.
The existing leadership, investment approach, and service model at Clark Capital are set to remain unchanged, according to statements released regarding the deal.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataClark Capital CEO Brendan Clark commented: “This partnership marks an exciting new chapter for Clark Capital.
“Raymond James Investment Management’s culture, strategic vision, and client-first, advisor-centric approach aligns closely with our own. Their resources and support will enable us to further enhance the advisor and client experience while preserving our brand, values, service model, and mission that have defined Clark Capital since day one.”
Raymond James Investment Management currently operates a multi-boutique structure with several investment teams such as Chartwell Investment Partners, ClariVest Asset Management, Cougar Global Investments, Eagle Asset Management, Reams Asset Management, and Scout Investments.
The arrangement combines business scale and operational support while allowing affiliated firms to retain independence in their operations.
Raymond James CEO Paul Shoukry said: “This new partnership with Clark Capital will bring together two culturally aligned organisations committed to delivering exceptional service and partnership to financial advisors, and will further position Raymond James Investment Management as a leading player in key advisor-focused channels, including independent firms and turnkey asset management platform segments.
“Our focus remains on deploying capital by identifying quality opportunities, like Clark Capital, for our continued growth.”
In June last year, Raymond James formed a partnership with FNZ to develop new digital wealth management platforms, with Raymond James making investments towards modernising its technology infrastructure.
