Our principal business is managing investment funds and providing investment
management and advisory services to high-net-worth individuals and institutions.
We seek to develop and sustain management expertise across a range of investment
disciplines and to offer leading investment products and services through multiple
distribution channels. In executing this strategy, we have developed broadly
diversified investment management capabilities and a highly functional marketing,
distribution and customer service organization. We measure our success as a
Company based on investment performance delivered, reputation in the marketplace,
progress achieving strategic objectives, employee development and satisfaction,
business and financial results, and shareholder value created.
Through our subsidiaries Eaton Vance Management and Atlanta Capital Management,
LLC (“Atlanta Capital”) and other affiliates, we manage active equity,
income and alternative strategies across a range of investment styles and asset
classes, including U.S. and global equities, floating-rate bank loans, municipal
bonds, global income, high-yield and investment grade bonds. Through our subsidiary
Parametric Portfolio Associates LLC (“Parametric”), we manage a
range of engineered alpha strategies, including systematic equity, systematic
alternatives and managed options strategies. Through Parametric, we also provide
portfolio implementation and overlay services, including tax-managed core and
specialty index strategies, centralized portfolio management of multi-manager
portfolios and customized exposure management services. We also oversee the
management of, and distribute, investment funds sub-advised by unaffiliated
third-party managers, including global, regional and sector equity and asset
allocation strategies. Our breadth of investment management capabilities supports
a wide range of products and services offered to fund shareholders, retail managed
account investors, institutional investors and high-net-worth clients. Although
we manage and distribute a wide range of investment products and services, we
operate in one business segment, namely as an investment adviser to funds and
separate accounts.
We distribute our funds and retail managed accounts principally through financial
intermediaries. We have broad market reach, with distribution partners including
national and regional broker-dealers, independent broker-dealers, registered
investment advisors, banks and insurance companies. We support these distribution
partners with a team of approximately 130 sales professionals covering U.S.
and international markets.
We have been in the investment management business for over 90 years, tracing
our history to two Boston-based investment managers: Eaton & Howard, formed
in 1924, and Vance, Sanders & Company, organized in 1934. Eaton & Howard,
Vance Sanders, Inc. (renamed Eaton Vance Management, Inc. in June 1984 and reorganized
as Eaton Vance Management in October 1990) was formed upon the acquisition of
Eaton & Howard, Incorporated by Vance, Sanders & Company, Inc. on April
30, 1979. Following the 1979 merger of these predecessor organizations to form
Eaton Vance, our managed assets consisted primarily of open-end mutual funds
marketed to U.S. retail investors under the Eaton Vance brand and investment
counsel services offered directly to high-net-worth and institutional investors.
Over the ensuing years, we have expanded our product and distribution efforts
to include closed-end, private and offshore funds, retail managed accounts,
a broad array of products and services for U.S. and international institutional
and high-net-worth investors and, most recently, unit investment trusts.
We also commit significant resources to serving institutional and high-net-worth
clients who access investment management services on a direct basis and through
investment consultants. Through our wholly owned affiliates and consolidated
subsidiaries, we manage investments for a broad range of clients in the institutional
and high-net-worth marketplace in the U.S. and internationally, including corporations,
sovereign wealth funds, endowments, foundations, family offices and public and
private employee retirement plans.
We conduct our investment management business through direct and indirect wholly
owned subsidiaries Eaton Vance Management, Boston Management and Research (“BMR”),
Eaton Vance Investment Counsel (“EVIC”), Eaton Vance (Ireland) Limited
(“EVAI”), Eaton Vance Trust Company (“EVTC”), and three
other consolidated subsidiaries, Atlanta Capital, Parametric and Parametric
Risk Advisors LLC (“Parametric Risk Advisors”), each with a range
of investment management capabilities and one or more distinctive investment
styles. Eaton Vance Management, BMR, EVIC, Atlanta Capital, Parametric and Parametric
Risk Advisors (a wholly owned subsidiary of Parametric) are all registered with
the U.S. Securities and Exchange Commission (“SEC”) as investment
advisers under the Investment Advisers Act of 1940 (the “Advisers Act”).
EVAI, registered under the Central Bank of Ireland, provides management services
to the Eaton Vance International (Ireland) Funds Plc. EVTC, a trust company,
is exempt from registration under the Advisers Act. Eaton Vance Distributors,
Inc. (“EVD”), a wholly owned broker-dealer registered under the
Securities Exchange Act of 1934 (the “Exchange Act”), markets and
sells the Eaton Vance and Parametric funds and retail managed accounts. Eaton
Vance Management (International) Limited (“EVMI”), a wholly owned
financial services company registered under the Financial Services and Market
Act in the United Kingdom, markets our products and services in Europe and certain
other international markets. Eaton Vance Management International (Asia) Private
Limited (“EVMIA”), a wholly owned financial services company registered
under the Singapore Companies Act by the Accounting and Corporate Regulatory
Authority in Singapore, markets our products and services in the Asia Pacific
region. Eaton Vance Australia Pty. Ltd., a wholly owned company registered as
an Australian propriety company with the Australian Securities and Investment
Commission, markets our products and services in Australia and New Zealand.
We are headquartered in Boston, Massachusetts and also maintain offices in Atlanta,
Georgia; Minneapolis, Minnesota; New York, New York; Seattle, Washington; Westport,
Connecticut; London, England; Singapore; and Sydney, Australia. Our sales representatives
operate throughout the United States and in the United Kingdom, Europe, Asia
Pacific and Latin America. We are represented in the Middle East through an
agreement with a third-party distributor.
