Through another CEO change, Raymond James Investment Management retains its Average Parent rating.
In January 2026, Raymond James Investment Management installed a new CEO. Jeff Ringdahl replaced Bob Kendall, who left abruptly in July 2025 after four-plus years. Before that, Cooper Abbott had been the firm’s leader for more than 15 years. An industry veteran, Ringdahl spent 14 years at American Beacon Partners, including his last two years as its CEO. Although his tenure there included some tough times for that firm, it gave Ringdahl experience running a multiboutique asset manager, which aligns with Raymond James Investment Management’s design.
Raymond James Investment Management comprises seven investment-management affiliates, which operate relatively autonomously. Each has a unique investment approach and dedicated investment teams. The firm’s lineup includes some strong affiliates such as fixed-income specialist Reams Asset Management, but many other strategies have posted mediocre long-term results. To beef up its capabilities around customization and model portfolios—two trending areas in asset management—Raymond James Investment Management in May 2026 acquired Clark Capital Management Group. The transaction brought roughly USD 49 billion in assets under management, bringing Raymond James Investment Management’s total to USD 170 billion, as of May 2026.
While Ringdahl is still settling in, it’s expected that the firm will continue to focus on expanding its exchange-traded fund lineup. As of June 2026, the firm had launched three ETFs, and it anticipates more actively managed ETFs coming to market.
Note: This share class' Parent Pillar rating is analyst-driven, as its Branding Name, Carillon Family of Funds (Branding Name ID: BN00000PM3), is covered by Morningstar Manager Research.
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