"Clark Capital undertook a deliberate and thoughtful process to evaluate its long-term strategic options. This decision reflects careful consideration of the firm's future growth, culture, and ability to best serve advisors over the long-term."

Brendan Clark Clark Capital Management Group CEO

So says a spokesperson for Clark Capital about the impending sale of the firm to Raymond James. As previously reported, St. Petersburg, Florida-based RayJay has publicly agreed to buy Philadelphia-based Clark Capital in a deal expected to close in Q3 2026.

"This partnership is about positioning Clark Capital for its next phase of growth, not an exit from its mission," the spokesperson for Clark Capital tells MFWire via email. "The partnership enables Clark Capital to accelerate investment in technology, talent, and product innovation while maintaining continuity in leadership values."

"This partnership marks an exciting new chapter for Clark Capital," the spokesperson for Clark adds. "It reinforces the firm's long-term commitment to advisors and clients while providing the scale and support needed to continue delivering high-quality investment solutions."

The spokesperson for Clark Capital declined to comment on any other bidders that RayJay might have beaten out for the deal. Yet the spokesperson does shed more light on why RayJay won over the Clark Capital team.

"As the firm continues to scale, leadership sought a partner that could provide long-term strategic support, expanded resources, and institutional capabilities while preserving Clark Capital's people-first culture, brand, and advisor-centric model," the spokesperson for Clark Capital writes. "Raymond James Investment Management stood out due to its strong cultural alignment, multi-boutique structure, deep experience supporting founder-led firms, and shared commitment to advisors and their clients."

"Both organizations are aligned around a shared vision of growth rooted in culture, continuity, and client-first values," the spokesperson for Clark adds.

The spokesperson for Clark says that the Clark Capital deal with Raymond James comes after "a deliberate and thoughtful process to evaluate ... long-term strategic options."

"This decision reflects careful consideration of the firm's future growth, culture, and ability to best serve advisors over the long-term," the spokesperson for Clark writes. 

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