CI Financial and Pathstone to acquire investment advisory and wealth management business assets of Morgan Stanley-backed Eaton Vance WaterOak Advisors.

CI Financial, a financial services company, and Pathstone, an independently operated, partner-owned advisory firm offering comprehensive customized investment advice and family office services for families, family offices, and foundations and endowments, agreed to acquire investment advisory and wealth management business assets of Morgan Stanley-backed Eaton Vance WaterOak Advisors, a modern wealth advisory with old world stability and new world agility. Financial terms were not disclosed. "They, like Pathstone, are driven by innovation and believe that unique technology and process will keep us a generation ahead of the industry. Our client service strategy at Pathstone is founded on our people. We believe that bringing together talented individuals from different backgrounds will allow us to generate even greater value for our clients," Matthew Fleissig, Pathstone President.