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Morgan Stanley Selling Off Eaton Vance RIA Biz Assets

Morgan Stanley is selling parts of its Eaton Vance WaterOak Advisors business to CI Financial and Pathstone. So reports Wealth Management.

handshake 220233 1280CI Financial will acquire about $11.4 billion in assets, while Pathstone will grab about $3 billion.

Eaton Vance WaterOak Advisors had been known as the Eaton Vance Investment Counsel. In 2020 it acquired WaterOak and then was purchased by Morgan Stanley the following year.

Read the full article from Wealth Management.

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