Eaton Vance completed the previously announced acquisition of the assets of WaterOak Advisors, a registered investment advisory firm in Winter Park, Florida, with approximately $2.3 billion of client assets under management.
On a combined basis, WaterOak and Eaton Vance Investment Counsel, the unit of the company that made the acquisition, have $11.4 billion in assets under advisement. The firm will operate as Eaton Vance WaterOak Advisors, serving as the parent company’s wealth management affiliate.
In October, Morgan Stanley announced that it will acquire Eaton Vance, whose asset management brands include Calvert, Parametric and Atlanta Capital. The transaction is expected to close in the second quarter of 2021.
Quarterly analysis of retirement accounts highlights positive behavior.
Insiders say the Wall Street giant is looking to let clients count certain crypto holdings as collateral or, in some cases, assets in their overall net worth.
The two wealth tech firms are bolstering their leadership as they take differing paths towards growth and improved advisor services.
“We think this happened because of Anderson’s age and that he was possibly leaving,” said the advisor’s attorney.
The newly appointed leader will be responsible for overseeing fiduciary governance, regulatory compliance, and risk management at Cetera's trust services company.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
