Eaton Vance Management (Boston)

Eaton Vance Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Eaton Vance Management: assets under management

The assets under management (AUM) of Eaton Vance Management is $102.96 billion. The firm's AUM has grown by 116% since the beginning of its operation, and $9.88 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $99.83 billion in discretionary accounts and $3.13 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.54 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $671.21 thousand.

Eaton Vance Management has custody of $10.68 billion in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in state and local bonds the most. They account for 70% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 10% of the firm’s portfolio. Investments in exchange traded securities form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Eaton Vance Management for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Eaton Vance Management serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Eaton Vance Management is investment companies with 92 clients and $47.38 billion of assets under management. Among the 9 most similar advisory firms, Eaton Vance Management has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $102.75 billion for 44,004 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Eaton Vance Management also advises several private funds. Namely, one hedge fund, one liquidity fund, one other private fund, and six securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.

Careers at Eaton Vance Management

The company employs 842 people that are either part- or full-time employees. 28 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 8 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 41 indirect owners.

Based in Boston

The principal office where Eaton Vance Management performs its advisory services is located at Two International Place, Boston, MA 02110, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-482-8260. The normal business hours are 8:30am to 5:30pm (est) on Monday - Friday. You can find more information about the New York firm at eatonvance.com and its LinkedIn profile.

Registered investment advisers similar to Eaton Vance Management

• Guggenheim Partners Asset Management
• Conning
• Blackrock Institutional Management Corporation
• Thrivent Financial For Lutherans
• Oaktree Capital Management
• Nuveen Fund Advisors
• Sageview Advisory Group
• Deutsche Asset Management International Gmbh
• Hartford Funds Management Company
• Wellington Management International Limited
• Raymond James Financial Services Advisors
• New York Life Asset Management Operating
• Morgan Stanley Dw
• Neuberger Berman Fixed Income
• Vanguard Investments Australia Limited