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.
Meanwhile, Raymond James and Tritonpoint Partners separately welcomed father-son teams, including a breakaway from UBS in Missouri.
Paul Atkins has asked staff to solicit public comment on novel ETFs, pausing the clock on as many as 24 filings linked to the booming event contracts market.
From 401(k)s to retail funds, Deloitte sees private equity and credit crossing into mainstream investing on two fronts at once.
Big-name defections from Morgan Stanley, UBS, and Merrill Lynch headline a busy two weeks of recruiting for the wirehouse.
Markets have always been unpredictable. What has changed is the amount of information investors are trying to process and the growing role advisors play in helping clients avoid emotional decisions
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
