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.
Some in the industry say that more UBS financial advisors this year will be heading for the exits.
The Wall Street giant has blasted data middlemen as digital freeloaders, but tech firms and consumer advocates are pushing back.
Research reveals a 4% year-on-year increase in expenses that one in five Americans, including one-quarter of Gen Xers, say they have not planned for.
Raymond James also lured another ex-Edward Jones advisor in South Carolina, while LPL welcomed a mother-and-son team from Edward Jones and Thrivent.
MyVest and Vestmark have also unveiled strategic partnerships aimed at helping advisors and RIAs bring personalization to more clients.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
