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Eaton Vance Management Review

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Eaton Vance Management

Eaton Vance Management

Eaton Vance Management is a large financial advisor firm that has its main offices in Boston, MA. The firm has around $102 billion in assets under management (AUM) and a team of about 230 financial advisors. These advisors principally work with individual clients, though the firm has a number of institutional and advisory clients as well. Eaton Vance provides investment management services, but financial planning is not among its offerings.

Eaton Vance Management Background

The first mutual fund that would eventually grow to become Eaton Vance Management was created in 1924. However, the firm didn't reach its current form until 1979 when Eaton & Howard and Vance, Sanders & Company officially merged. Thomas Faust Jr. currently serves as the chairman, president and CEO of the firm. Eaton Vance is a wholly owned subsidiary of Eaton Vance Corp.

Eaton Vance's staff holds a range of advisory certifications and designation, including chartered alternative investment analyst (CAIA), chartered financial analyst (CFA) and certified investment management analyst (CIMA).

Eaton Vance Management Client Types and Minimum Account Sizes

Eaton Vance Management has more than 40,000 clients, the vast majority of whom are individuals. The firm also maintains advisory relationships with investment companies, pooled investment vehicles, retirement plans, charitable organizations, state and municipal government entities, insurance companies and businesses.

To become a client of Eaton Vance, you'll need to meet their minimum account sizes, of which there are many. These vary depending on the type of investment strategy your portfolio utilizes.

  • Corporate Ladders: $100,000
  • Tax Advantaged Bond Strategies: $250,000
  • Parametric Absolute Return Strategy: $3 million
  • Liability Driven Investments: $5 million
  • Eaton Vance Real Estate Investment Strategy: $10 million
  • Parametric DeltaShift: $20 million
  • Various large-cap, mid-cap and small-cap equity and high-yield bond strategies: $25 million
  • Various bond and income strategies: $50 million
  • Parametric Emerging Markets: $75 million
  • Emerging Markets Debt Opportunities: $100 million
  • Floating Rate Bank Loan: $150 million
  • Global Macro Absolute Return strategies: $250 million

Services Offered by Eaton Vance Management

Eaton Vance offers a wide range of portfolio management services through a series of separately managed accounts (SMAs) that primarily consist of equity, fixed-income, mixed-asset and alternative strategies. Each strategy is unique, involving different securities and risk levels. Eaton Vance also participates in a wrap fee program, which allows trading and transactional costs to be included in a single price for its investment management service.

Eaton Vance Management Investment Philosophy

Eaton Vance employs a range of strategies, tailoring its investment approach to the individual needs of clients. Advisors take into account such factors as liquidity needs, time horizon and risk tolerance before investing your money. Depending on these factors, advisors will recommend an appropriate strategy or mix or securities.

When it comes to analyzing investments, Eaton Vance places a specific emphasis on fundamental analysis. It also looks to thoroughly vet all companies, funds and other investments that advisors are considering for client portfolios. Advisors also typically pursue long-term gains and stability, with an eye towards minimizing tax liability.

Fees Under Eaton Vance Management

The fee schedule for the vrious portfolio management services at Eaton Vance vary significantly by strategy and the amount of money you choose to invest. Fees can also differ depending on the types of investments you choose, and they may be based on net or gross assets.

Eaton Vance's management fees range from 0.10% to 1.00% of a client's assets annually. Fees may be negotiated between the client and the firm, and they typically start out high and decrease as your investment does too. All charges are calculated and paid on either a monthly or quarterly basis.

What to Watch Out For

Eaton Vance Management may charge performance-based fees to certain client accounts. This creates a potential conflict of interest, as advisors may have an incentive to make riskier or more speculative investments. However, the firm is still a fiduciary, legally binding it to act in your best interest no matter what.

Disclosures

Eaton Vance Management does not have any disclosures listed on its Form ADV.

Opening an Account With Eaton Vance Management

For those looking to open an account with Eaton Vance, you'll need to call the firm at either (800) 225-6265 or (617) 482-8260, and speak to a representative.

Financial Planning Tips

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How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
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Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research