01—Abstract
Summary
Summary of the 8-K filed January 15, 2026. Cited figures are marked; the original filing is the authoritative source.
Raymond James Financial, Inc. (NYSE: RJF) filed a Form 8-K on January 15, 2026, disclosing that it has entered into a definitive agreement to acquire all outstanding shares of Clark Capital Management Group, Inc., a Philadelphia-based asset management firm specializing in wealth-focused solutions.
The press release (Exhibit 99.1) states Clark Capital was founded in 1986 by Harry Clark and manages over $46 billiona in discretionary assets under management and non-discretionary assets. Following the closing, which is expected by the third calendar quarter of 2026 and is subject to customary conditions including regulatory approvals, Clark Capital will maintain its brand and operate as an independent boutique investment manager within Raymond James Investment Management, the company's global asset management division. Clark Capital retains its leadership team, investment capabilities, and service model.
The company's CEO, Paul Shoukry, stated that the company's focus remains on deploying capital into quality opportunities for continued growth. For investors, the filing signals an expansion of Raymond James Investment Management's multi-boutique platform, adding a firm that offers multi-asset-class solutions, model portfolios, and '40-Act mutual funds to financial advisors. The filing does not disclose the purchase price or other deal financials.
02—Key points
Key Highlights
- Raymond James agreed to acquire all outstanding shares of Clark Capital Management Group, Inc., an asset management firm founded in 1986.
- Clark Capital manages over $46 billion in discretionary and non-discretionary assets, as of December 31, 2025.
- Clark Capital will remain an independent boutique within Raymond James Investment Management, keeping its brand, leadership team, and service model.
- Closing is expected by the third calendar quarter of 2026, subject to customary conditions including regulatory approvals.
- The acquisition targets advisor-focused channels, including independent firms and turnkey asset management platforms.
- Clark Capital offers custom multi-asset-class solutions, proprietary model portfolios, and '40-Act mutual funds to financial advisors.
- The filing does not disclose the purchase price or other financial terms of the transaction.
03—Questions
Frequently Asked Questions
What is Raymond James acquiring?
Raymond James has entered into a definitive agreement to acquire all outstanding shares of Clark Capital Management Group, Inc., a Philadelphia-based independent asset management firm specializing in wealth-focused solutions.
When is the transaction expected to close?
The acquisition is expected to close by the third calendar quarter of 2026, subject to customary conditions, including regulatory approvals.
How will Clark Capital be integrated into Raymond James?
Clark Capital will maintain its brand and become an independent boutique investment manager within Raymond James Investment Management. It will retain its existing leadership team, brand, investment capabilities, and service model.
What assets does Clark Capital manage?
Clark Capital is described as having over $46 billion in discretionary assets under management and non-discretionary assets as of December 31, 2025.
What is the strategic rationale for the deal?
Management said the acquisition strengthens Raymond James Investment Management's offerings and positions it as a leading player in advisor-focused channels, including independent firms and turnkey asset management platform segments.
04—Continue