Eaton Vance Investment Counsel’s Acquisition of WaterOak Advisors LLC


Alston & Bird advised WaterOak Advisors LLC on the deal.

Eaton Vance Investment Counsel, a wholly owned subsidiary of Eaton Vance Corp.??? completed its acquisition of WaterOak Advisors LLC, a leading provider of fiduciary wealth management services.

WaterOak will become part of Eaton Vance Investment Counsel via an asset sale, and its principals – L. Clarke Lemons, Stephen Curley, and Scott Macaione – and their team will join the firm, which will leverage the transaction to strengthen its presence in Florida and throughout the Southeast.

WaterOak develops and implements customized wealth advisory strategies for individuals, families and institutions, and guides clients toward thoughtful decisions regarding their overall financial situations.

Located in Winter Park, FL, WaterOak develops and implements customized wealth advisory strategies for individuals, families, and institutions. It has $2 billion of assets under management.

Boston-based Eaton Vance Investment Counsel manages more than $8.2 billion of assets and offers a range of services to high-net-worth families and institutions, including investment management, estate and tax planning, and family office and trust services.

Alston & Bird team was led by Chris Frieden (Picture), John Gerl and John Hobgood.

Involved fees earner: Christopher Frieden – Alston & Bird LLP; John Gerl – Alston & Bird LLP; John Hobgood – Alston & Bird LLP;

Law Firms: Alston & Bird LLP;

Clients: Water Oak Advisors;

Author: Ambrogio Visconti