Raymond James completes acquisition of Clark Capital Management Group

Raymond James completes acquisition of Clark Capital Management Group

ST. PETERSBURG, Fla. - Raymond James announced today that it has completed its acquisition of Clark Capital Management Group, Inc. ("Clark Capital"), a leading asset management firm specializing in wealth-focused solutions. The transaction was first announced in January of 2026.

Clark Capital will continue to maintain its brand and become an independent boutique investment manager within Raymond James Investment Management, a global asset management company and a division of Raymond James Financial, Inc. The firm will also maintain its existing leadership team under Clark Capital CEO Brendan Clark, as well as its investment philosophy and service model, while benefiting from the scale, resources, and distribution capabilities of Raymond James Investment Management.

"We are delighted to welcome Clark Capital to Raymond James Investment Management," said Scott Curtis, Chief Operating Officer, Raymond James. "Clark Capital has built a strong reputation for delivering thoughtful portfolio solutions and exceptional service for advisors. This addition brings another high-quality boutique to our platform and reinforces our commitment to expanding the capabilities we provide to advisors and their clients."

"Clark Capital is proud to step into a new era with Raymond James Investment Management," said Brendan Clark. "The shared commitment to advisors, the alignment of values, and the respect for what we've built over four decades have only been reinforced through this process. We're energized by what lies ahead and look forward to delivering even greater value to the advisors and clients we serve."

Founded in 1986, Clark Capital provides custom multi-asset-class solutions, proprietary model portfolios, and '40 Act mutual funds to financial advisors and their clients. These strategies are complemented by the firm'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 capabilities further strengthen Raymond James Investment Management's existing investment and wealth planning offerings and enhance its ability to serve the evolving needs of financial advisors and their clients.

Clark Capital joins six investment managers within the Raymond James Investment Management global multi-boutique structure.

For more information on the transaction, please refer to the announcement press release.

About Raymond James Financial, Inc.

Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. Total client assets are $1.76 trillion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at www.raymondjames.com.

About Raymond James Investment Management

Raymond James Investment Management is a global asset management company that combines the exceptional insight and agility of individual investment teams with the strength and stability of a full-service firm. Together with our boutique investment managers - Chartwell Investment Partners, ClariVest Asset Management, Clark Capital Management Group, Cougar Global Investments, Eagle Asset Management, Reams Asset Management, and Scout Investments - we offer a range of investment strategies and asset classes through multiple vehicles. Our focus is on sustainable, risk-adjusted returns and alpha generation. We believe this lineup of institutional-class portfolio managers can help investors meet their long-term business and financial goals. Ultimately, our structure allows affiliated investment teams to focus on what they do best: managing portfolios.