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Eaton Vance Management Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Eaton Vance Management is a large financial advisory firm that has its main offices in Boston. The firm's 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 Management Client Types and Minimum Account Sizes

Eaton Vance Management manages assets for non-high-net-worth and high-net-worth individuals, as well as investment companies, pooled investment vehicles, pension and profit sharing plans, charitable organizations, government entities, insurance companies, corporations and trusts.

To become a client of Eaton Vance, you'll need to meet their minimum account sizes, of which there are many. The amounts can range from $100,000 to $200 million, though many of the services require $25 - $50 million to open. As you can see, all account minimums vary depending on the type of investment strategy your portfolio utilizes.

  • Corporate Ladders: $100,000
  • Tax-Advantaged Bond Strategies: $10 million
  • Eaton Vance Real Estate Investment Strategy: $10 million
  • Emerging Markets Debt Opportunities: $200 million
  • Floating Rate Bank Loan: $150 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 toward minimizing tax liability.

Fees Under Eaton Vance Management

The fee schedule for the various portfolio management services at Eaton Vance varies 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 0.70% of a client's assets annually, depending on the service being offered. Fees may be negotiated between the client and the firm, and they typically start out high and decrease as your assets under management do too. All charges are calculated and paid on either a monthly or quarterly basis.

What to Watch Out For

Eaton Vance Management has six disclosures listed on its Form ADV. All of these disclosure reference accusations for affiliated firms or parties and not for Eaton Vance Management itself. 

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.

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.

All information was accurate as of the writing of this article.

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How Long $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 We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We 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 metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. 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.