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Stock impact report

Raymond James snaps up $46B Clark Capital in major wealth management expansion [Wealth Professional (Canada)]

Raymond James Financial, Inc. (RJF) 
Last raymond james financial, inc. earnings: 4/29 04:35 pm Check Earnings Report
US:NYSE Investor Relations: raymondjames.com/investor-relations
Raymond James is set to broaden its asset management reach with an agreement to acquire Clark Capital Management Group, a Philadelphia-based investment firm known for advisor-centric wealth solutions and strong organic growth. The transaction brings more than $46 billion in discretionary and non-discretionary assets under management into Raymond James Investment Management's multi-boutique platform. Founded in 1986 by Harry Clark, Clark Capital has built its business around customized multi-asset strategies, proprietary model portfolios and 40-Act mutual funds distributed primarily through financial advisors. The firm also operates a dedicated high-net-worth service team that provides personalized wealth planning and serves as an extension of advisors' practices. These are capabilities Raymond James plans to integrate into its broader investment and planning lineup. Once completed, Clark Capital will retain its brand identity, leadership team, investment processes and service m Show less Read more
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