Pathstone Announces the Acquisition of WaterOak’s Investment Advisory and Wealth Management Business

Increasing Good(ly) in a Way That Issues

ENGLEWOOD, N.J., March 31, 2022 /PRNewswire/ — Pathstone, an independently operated, lover-owned advisory organization providing thorough custom-made expenditure information and relatives business office providers for families, relatives offices, and foundations and endowments, currently introduced it entered into an agreement to purchase certain belongings of Eaton Vance WaterOak Advisors (“WaterOak”)*. WaterOak, primarily based in Winter season Park, Florida, provides institutional and personal wealth purchasers with custom made expenditure methods that leverage WaterOak’s thoughtful, technology-pushed approach.

The addition of WaterOak provides state-of-the-art engineering, methods & method to enhance Pathstone’s presently-sturdy system.

WaterOak advises on around $3 billion in property, bringing Pathstone’s overall assets less than advisement to additional than $35 billion. The combination will drastically increase Pathstone’s footprint in Florida Pathstone will now be in 14 locations in the U.S. with 235 team users, much more than 100 of whom are shareholders of the firm.

Like Pathstone, WaterOak presents really custom-made remedies and individualized focus to consumers, with an emphasis on extensive-time period, multigenerational wealth management. The addition of WaterOak provides advanced know-how, methods and process to boost Pathstone’s by now-robust platform. WaterOak purchasers will obtain entry to Pathstone’s modern offerings and skilled expert services. Even further, the scale of the combined firms will profit the shoppers of equally corporations by offering increased entry to cutting-edge financial commitment options as effectively as value efficiencies around time.

“We are incredibly excited to welcome WaterOak to our relatives,” explained Matthew Fleissig, President of Pathstone. “They, like Pathstone, are pushed by innovation and believe that that distinctive technological innovation and procedure will continue to keep us a technology in advance of the market.” Matt included, “Our consumer assistance technique at Pathstone is started on our folks. We believe that that bringing alongside one another proficient men and women from distinctive backgrounds will let us to produce even bigger worth for our clientele.”

L. Clarke Lemons, Director, Southeast for Eaton Vance WaterOak Advisors (and founder of WaterOak Advisors), explained, “Pathstone signifies the society, vision, and standpoint that we so really price in our care for our men and women and clientele. We share the similar values with Pathstone, and we think Pathstone will be a wonderful lover for our team and our purchasers for the foreseeable long run.”

Willkie Farr & Gallagher, LLP served as lawful counsel for Eaton Vance WaterOak Advisors. Schulte Roth & Zabel, LLP served as lawful counsel to Pathstone.

*WaterOak was acquired by Eaton Vance Financial commitment Counsel, a wholly owned subsidiary of asset administration company Eaton Vance Corp., in November of 2020. Eaton Vance Corp. and its subsidiaries, including WaterOak have been subsequently obtained by Morgan Stanley in March of 2021.

About Pathstone

Pathstone is an independently operated, companion-owned advisory firm providing in depth family workplace expert services and customized financial investment assistance for family members, loved ones workplaces, and foundations and endowments. Pathstone is institutionally backed by Lovell Minnick Associates.

With many years of practical experience as trustworthy advisors, we make use of an advocacy-focused model that empowers our customers to outline and accomplish their distinctive extended-expression ambitions and aid their legacy. For more details, make sure you visit www.pathstone.com.