PR Newswire
BOSTON, Nov. 2, 2020
BOSTON , Nov. 2, 2020 /PRNewswire/ -- Eaton Vance Investment Counsel, a wholly owned subsidiary of Eaton Vance Corp. (Eaton Vance) (NYSE: EV), has completed the previously announced acquisition of the assets of WaterOak Advisors, LLC. (WaterOak), a wealth management firm headquartered in Winter Park, Florida with approximately $2.3 billion of client assets under management.
On a combined basis, Eaton Vance Investment Counsel and WaterOak have $11.4 billion of client assets under advisement. Now operating as Eaton Vance WaterOak Advisors, the firm continues to provide high-net-worth families and institutions with access to sophisticated wealth management and investment solutions – including financial, estate and tax planning, investment management, and family office and trust services.
"The mission of Eaton Vance WaterOak Advisors is to provide world-class wealth management and investment services customized to fit the particular circumstances of each client and delivered with a highly personal touch," said David C. McCabe , President. "WaterOak's talented and experienced team, led by principals L. Clarke Lemons , Stephen Curley and Scott Macaione , expands our capabilities and extends our geographic reach to better serve clients in the Southeast."
About Eaton Vance
Eaton Vance provides advanced investment strategies and wealth management solutions to forward-thinking investors around the world. Through principal investment affiliates Eaton Vance Management, Parametric, Atlanta Capital, Calvert and Hexavest, the Company offers a diversity of investment approaches, encompassing bottom-up and top-down fundamental active management, responsible investing, systematic investing and customized implementation of client-specified portfolio exposures. The Company's wealth management affiliate, Eaton Vance WaterOak Advisors, provides customized, high-touch wealth management and investment services to high-net-worth and institutional clients. As of September 30, 2020 , Eaton Vance had consolidated assets under management of $517.0 billion . Exemplary service, timely innovation and attractive returns across market cycles have been hallmarks of Eaton Vance since 1924. For more information, visit eatonvance.com.
SOURCE Eaton Vance Corp.