Raymond James to acquire $46 billion financial manager
January 19, 2026 - St. Petersburg-based Raymond James Financial plans to acquire Clark Capital Management Group Inc., which oversees over $46 billion in assets. The Philadelphia-based firm will become the largest of six under Raymond James Investment Management's umbrella when the deal closes by the third quarter of this year, according to the announcement. Family-led Clark Capital launched in 1986 and now boasts 150 employees.