Raymond James acquires Clark Capital
Jan 15, 1:05 PM
RJF
- Raymond James (RJF) has announced its acquisition of Clark Capital Management, which will continue to function as an independent boutique within Raymond James.
- The acquisition is subject to standard closing conditions and regulatory approvals, aiming to enhance Clark Capital’s growth prospects.
- This strategic partnership intends to leverage Raymond James Investment Management’s scale and distribution network to benefit Clark Capital.
- Following the announcement, Raymond James shares rose by 3.04%.
Recommendation Rating: Positive
On Thursday, Raymond James (RJF) announced its decision to acquire Clark Capital Management. Under the terms of the agreement, Clark Capital will continue to operate as an independent boutique within the Raymond James framework. The completion of this acquisition is contingent upon standard closing conditions and the necessary regulatory approvals. This strategic partnership aims to enhance Clark Capital's growth prospects while capitalizing on the scale and distribution network of Raymond James Investment Management. Following the announcement, shares experienced an increase of 3.04%.