Overview
ClariVest Asset Management LLC (“ClariVest”) is a Delaware limited liability company formed in2006.
The firm became registered as an investment adviser with the SEC on March 9, 2006.
Effective April 1, 2019, ClariVest is wholly-owned by Eagle Asset Management. Eagle is wholly-owned
by Carillon Tower Advisers, Inc. (“Carillon”), currently doing business as Raymond James Investment
Management (“RJIM”). RJIM is a wholly-owned subsidiary of Raymond James Financial, Inc. (“RJF”),
New York Stock Exchange (“NYSE”) Ticker (RJF), based in St. Petersburg, Florida.
ClariVest uses a fundamentally based, bottom-up investment strategy. The firm utilizes a number of
different quantitative tools to facilitate the investment process. Please refer to Item 8 for additional
information regarding ClariVest’s investment strategy. ClariVest primarily manages domestic,
international, and global equity portfolios. The market-capitalization spectrum of these portfolios ranges
from micro-cap to large-cap. The portfolios also vary in style from growth to core to value.
ClariVest’s products include:
U.S. Domestic Equity Strategies
• Micro Cap Core • Mid Cap Growth
• Small Cap Growth • Large Cap Growth
• Small Cap Core • Large Cap Core
• Small Cap Value • Large Cap Value
• SMID Cap Growth
International & Global Equity Strategies
• International Core • Global
• International Small Cap • Global Small
• Emerging Markets • All-Canada
• Emerging Markets Small • All-China
• All-Australia
When a client grants ClariVest investment and brokerage discretion, ClariVest will have authority to
determine without specific client consent the (1) securities to be bought and sold;
(2) the amount of
securities to be bought and sold; (3) the broker or dealer to be used; and (4) the commissions to be
paid.
Generally, ClariVest manages client portfolios on a fully discretionary basis in accordance with the
methods described in Item 8, but our advisory services may be tailored to the individual needs of
clients. Client imposed restrictions may exclude investment in certain types of securities, such as
ETFs, client affiliates, or publicly traded partnerships. Finally, a client may restrict the degree to which
our holdings can vary from the holdings of a specified benchmark. Client imposed restrictions must be
submitted in writing to ClariVest and will usually be incorporated into the investment management
agreement. Please note that client restrictions may affect ClariVest’s ability to perform our stated
investment strategy and, therefore, your investment performance may deviate from the performance
of other clients managed in accordance with the same stated strategy.
ClariVest may also periodically provide model portfolios to “Directed Clients.” These model portfolios
are not traded by ClariVest, but are traded at the Directed Client’s discretion. Unless otherwise agreed to
by the clients in the same strategy, non-directed client accounts in that same strategy will trade first,
followed by Directed Client accounts. Typically, this is achieved by sending a model portfolio periodically
to the directed account, which model will reflect only fully invested positions (defined as a completed
new set of weights).
ClariVest does not participate in any wrap fee programs.
As of September 30, 2023, ClariVest managed approximately $2,952,280,422 on a discretionary basis
and $0 on a non-discretionary basis.