LAWRENCE WATERHOUSE
1937 - 2020
BORN
1937
DIED
2020
FUNERAL HOME
Waterbury & Kelly Funeral Home
1300 Pleasantville Road
Briarcliff Manor, NY
WATERHOUSE--Lawrence M., Jr. Lawrence M. Waterhouse Jr., passed away suddenly on January 24 in Jupiter, Florida where he resided. Lawrence 'Larry' was born on May 3, 1937 to Dr. Lawrence M. and Winifred Rose Waterhouse in Queens, NY. There he attended Immaculate Conception Catholic Academy and Bishop Loughlin High School in Brooklyn. He then enrolled at Villanova University, graduating in 1959 with a B.A. in History. While in college, Larry was a cadet in the ROTC program and upon graduation, he was commissioned as an officer in the United States Marine Corps. He married Marjorie Jane Mulvehill and they began their life together stationed first in Quantico, VA followed by his permanent assignment at the Marine Corp Air Station in Kaneohe Bay, Hawaii. While serving in the Marines, Larry would go on to achieve the rank of Lt. Captain and was honorably discharged in 1962. It was in Hawaii that the family started taking shape, as first daughter, Christine Alani, was born. Two years later, the Waterhouses welcomed a second daughter, Jennifer Ann. Three more years marked the arrival of identical triplet sons, Lawrence Michael III, Kevin Charles and Patrick Robert. Later in life Larry married a second time to Christine (Tina) Waterhouse, adding to the fold her two children from a previous marriage, Caroline and Stuart Woody. In his twenties, Larry began his career in finance in the competitive training program of Chemical Bank. He rose rapidly in the ranks to become one of the youngest Vice-Presidents in the history of the bank. Larry was recognized for his ability to deliver for his clients. He established a relationship with one very important Chemical client, Jerome Belson, a bond which Larry said was more like that of a father and son. It was a wonderful relationship that lasted throughout their lives. After the Securities Act Amendments of 1975 deregulated commissions, Larry had the vision to create a discount brokerage firm, providing access to financial services to all. Along with his family, his good friends Jerome Belson, Tony Pace and partner, Edward Nicoll, Larry founded Waterhouse Securities Inc. Waterhouse Securities was known for its low commissions, free investment research and unparalleled customer service. Larry at the helm would go on to write all the company advertisements and instill a culture that transformed the industry. In 1987 Waterhouse Securities, Inc went public and was listed shortly after that on the New York Stock Exchange, thereafter to be known as Waterhouse Investor Services. The capital raised would allow Larry to grow the company to 200 offices and $300 billion in customer assets. His vision and the culture of Waterhouse Investor Services would propel it to the second largest discount broker in 1995 and a listing in Forbes Magazine as one of the best small businesses in America. Larry, over the years, would create a self-clearing company, an institutional advisor, a National Bank, and a mutual fund company. Arguably, his greatest success was the culture he created for the customer and his associates. The "Customer was King," was his motto, and there were no employees at Waterhouse; they were known as associates. Associates were owners of the firm and ensured its success by taking care of their customers first. Larry loved both his associates and customers like family and whatever they needed to achieve success, they were sure to receive. His values, his vision and uncanny ability to understand human nature guided him to "do the right thing" (his maxim), and because of this, a wonderfully successful company was built. Toronto Dominion Bank thought Waterhouse Investor Service was such an outstanding business that it began its courtship. In 1996 Toronto Dominion purchased Waterhouse Investor Services and operated under its new name, TD Waterhouse. TD Waterhouse continued as a leader in its industry. Larry did not rest on his business laurels. He used his success to contribute to the success of others through his philanthropic activities. Besides supporting many charitable organizations, he established the Waterhouse Family Foundation, which donates funds to needy students and to schools, both high school and college. He created the Waterhouse Family Institute housed within Villanova's department of Communications. Its goal is to serve as the center for communication scholars working to create a more just social world. For all of his philanthropy at Villanova, Larry received an Honorary Doctor of Laws degree in 2004. Larry was renowned for his intellect, his business savvy, his generosity, his good looks, his creativity and his sparkling wit and sense of humor. But he was also a gifted and talented athlete. He dominated in such sports as tennis and golf, but especially in platform tennis, or paddle as most call it. Besides winning many club and county tournaments, in 1997, Larry and his long time friend, Richard Lombard, won the Senior Platform Tennis National Championship. He truly was "the Father of Paddle" as many joked. The three most important things in Larry's life were his friends, his faith and his family. Larry had beautiful life long friends from work, college, the Marines, and, of course, Sleepy Hollow and Loxahatchee country clubs. Larry loved his faith and was devoted to St Anthony. But most of all, Larry loved his family. To all his children, their spouses, and his grandchildren, he left a legacy that they embrace wholeheartedly. Larry is survived by his wife, Tina, his ex-wife Marjorie McGahren, seven children and twenty-six grandchildren, all who adore him and will miss him greatly. Reposing, Waterbury & Kelly Funeral Home on Thursday from 3-8pm. Funeral Mass, St. Augustine Church, Ossining, NY on Friday 10am. Interment private. In lieu of flowers, the family has requested memorial donations be made in Larry's name to the Alzheimer's Association. (alz.org) Waterbury & Kelly Funeral Home, 1300 Pleasantville Road, Briarcliff Manor, New York 10510. 914-941-0838

Published by New York Times from Jan. 28 to Jan. 29, 2020.
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MEMORIAL EVENTS
Jan
30
Reposing
3:00p.m. - 8:00p.m.
Waterbury & Kelly Funeral Home
1300 Pleasantville Road, Briarcliff Manor, NY
Jan
31
Funeral Mass
10:00a.m.
St. Augustine Church
Ossining, NY
Funeral services provided by:
Waterbury & Kelly Funeral Home
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17 Entries
He left an indelible mark on my life. I thought he would be here forever.
Trevor Johnson
Coworker
April 10, 2020
So sorry to hear of your passing. I always enjoyed being out on the golf course with you at Hudson National . What a great personality and sense of humor you had. You will be missed.
Greg Ehrlich
Friend
February 26, 2020
I have wonderful memories of Larry Waterhouse I was the 50th employee when it still was a very small firm it was a great place to work. Your dad was a great man
I have wonderful memories of Larry Waterhouse I was the 50th employee when Bernardi
Coworker
February 21, 2020
Our deepest condolences to your family. Your father, Lawrence Waterhouse Jr., was a special person and will not be forgotten.
Jose Pierre
January 31, 2020
Our prayers go out to the entire family. He was a great man.
Lawrence and Pamela Zubren
January 31, 2020
Sincere condolences to the Waterhouse family. Larry Waterhouse was a great leader and inspired many. I, as did many, loved working at Waterhouse Securities.
January 30, 2020
Our thoughts and prayers are with you, Tina. Such a difficult time. I do pray your many friends and beautiful memories will help you through.
Our deepest sympathy to you all,
Ronni and Tony Taccetta
Ronni and Tony Taccetta
January 30, 2020
a loved one
January 29, 2020
a loved one
January 29, 2020
My condolences to the entire Waterhouse family. May you find solace in the happy memories of his life. From a former associate...
Chris Murtha
January 29, 2020
Our deepest sympathy on Larry's passing. He was a lovely man.

We were so happy to have had Larry and Tina as our next door neighbors for a number of years. We have fond memories of Larry driving his John Deere cart up to our home to "say hi" to the kids.

Always a smile, always helpful.

Our sincere condolences to your family, we are so sorry for your loss.

John and Lisa Manuele
Briarcliff, NY
January 29, 2020
a loved one
January 29, 2020
Michael Murphy
January 29, 2020
What a beautiful obituary for such a great man! We are so grateful to have known and loved him! He touched so many lives and his legacy lives on in your wonderful family. God bless you all!!
Susie & Barney
Barney & Susie LaPorte
January 29, 2020
So very sorry for your loss!!!
Steve and Laraine Kendall
January 28, 2020
WE are so sorry for your loss!! You don't remember....but, John Berger asked you to sponsor our membership to The Loxahatchee Club 16 years ago and you did!! We had a very special dinner with you and the Kulocks after we were accepted !
You were such a special couple!!
With our deepest condolences!
Steve and Laraine Kendall
January 28, 2020
My sincere condolences to the friends and family of Mr Lawrence M Waterhouse jr . I am truly sorry for your loss
Richard Hayden
January 28, 2020
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