Pathstone Acquires Eaton Vance WaterOak Advisors' Investment Advisory and Wealth Management Business

Pathstone Acquires Cornerstone Advisors Inc.

July 30, 2020

Wealth Management

Pathstone, a partner-owned multigenerational family office, has acquired Cornerstone Advisors Inc., a Bellevue, Washington-based wealth and lifestyle management firm. The combination adds Cornerstone's ~$4 billion AUM and ~65 employees to Pathstone, expanding capabilities, scale and partner ownership across the combined firm (roughly 200 employees across nine offices and ~$20 billion in advisory assets).

MAI Capital Management Acquires WaterStone Investment Counsel

January 22, 2024

Wealth Management

MAI Capital Management has acquired WaterStone Investment Counsel, adding $144 million in client AUM and expanding MAI's Cincinnati footprint. WaterStone will adopt MAI's brand; founders Mark Roberts and Don Brosz will become Senior Wealth Advisors and gain access to MAI's broader capabilities such as tax and estate planning.

Pathstone Acquires Hall Capital Partners

October 16, 2024

Wealth Management

Pathstone, a partner-owned RIA backed by Kelso & Company and Lovell Minnick Partners, has agreed to acquire Hall Capital Partners to expand its investment capabilities and national footprint. Hall Capital brings roughly $45 billion in assets under advisement, about 180 team members across San Francisco and New York, and the deal will be supported by additional capital from Kelso, Lovell Minnick and Pathstone management.

Morgan Stanley Acquires Eaton Vance

October 8, 2020

Financial Services

Morgan Stanley has entered into a definitive agreement to acquire Eaton Vance for an equity value of approximately $7 billion, creating a larger Morgan Stanley Investment Management platform with expanded product and distribution capabilities. The deal combines Eaton Vance’s asset management and retail distribution strengths with Morgan Stanley’s global scale to increase fee-based revenues, deliver cost synergies, and broaden client offerings.

Wavestone Acquires NewVantage Partners

January 25, 2022

Data & Analytics

Wavestone, the Paris-based IT and management consultancy, acquired data strategy firm NewVantage Partners in December 2021 to strengthen its data, AI and analytics advisory capabilities. The acquisition brings NewVantage's data strategy, governance and management expertise into Wavestone's broader digital transformation and IT advisory portfolio, expanding capabilities for enterprise clients.

Pathstone Acquires Veritable LP

July 17, 2023

Wealth Management

Pathstone has acquired Veritable LP from Veritable’s management partners and Affiliated Managers Group, adding Veritable’s ~87-person team and over $17 billion in client assets across roughly 200 clients. The deal brings Pathstone’s assets under advisement and administration to more than $100 billion and strengthens its position as a leading independent RIA serving ultra-high-net-worth families.