Carillon Tower becomes Raymond James Investment Management

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Raymond James is considering renaming subsidiary Carillon Tower Advisers to Raymond James Investment Management to align the small business and its boutiques with the brand of the bigger business.

This decision is not expected to result in any changes to the operations or portfolio management of the Carillon family of funds or its affiliated managers: Chartwell Investment Partners, ClariVest Asset Management, Cougar Global Investments, Eagle Asset Management, Reams Asset Management and Scout Investments. .

Instead, Raymond James said the move, which is expected to take effect this fall, “will strengthen brand recognition as the world-class, multi-boutique asset management firm continues to grow and expand.” .

Company officials also described the move as a way to better position the investment manager to attract even more shops in the future.

“Our growing team of asset management professionals within Raymond James Investment Management and its affiliates has always shared a common commitment to putting clients first, acting with integrity, valuing independence and thinking long-term,” said Paul Reilly, president and CEO of Raymond James. (pictured), in a statement. “The new brand name recognizes the power of these values ​​in our organization and reinforces our common path to growth and success.”

The name change announcement comes weeks after Carillon added Chartwell to its list of stores following RayJay’s acquisition of TriStaste Capital Holdings. Chartwell became the sixth manager under the umbrella of Carillon, which has approximately $64 billion in assets under management.

“After receiving broad support from our key stakeholders, we believe a new name leveraging a respected Fortune 400 franchise will enhance and amplify our company’s brand recognition with key customers,” said the Carillon President Bob Kendall in a statement. “Furthermore, being more clearly connected to Raymond James and its resources will make our firm a more attractive place for new specialist investment managers.”

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