Raymond James to acquire Clark Capital Management Group.

Raymond James, a financial services company, agreed to acquire Clark Capital Management Group, an independent asset management firm. Financial terms were not disclosed. "This new partnership with Clark Capital will bring together two culturally aligned organizations committed to delivering exceptional service and partnership to financial advisors, and will further position Raymond James Investment Management as a leading player in key advisor-focused channels, including independent firms and turnkey asset management platform segments," Paul Shoukry, Raymond James Chief Executive Officer.