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.
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.
Advising WaterOak is an Alston & Bird team led by partner Chris Frieden, senior associate John Gerl, and associate John Hobgood of the firm’s Financial Services & Products team.