Profile

Eaton Vance Corp. is an American investment management firm based in Boston, Massachusetts. It is one of the oldest investment companies in the United States, with a history dating back to 1924. Through five primary investment affiliates, Eaton Vance provides investment products to individuals, institutions and financial professionals in the US, including wealth management, defined contribution investment only and sub-advisory services. In 2005 it opened an office in London. In October 2020, Morgan Stanley announced its intention to acquire the company for $7 billion. The history of Eaton Vance dates from 1924, when Charles F. Eaton Jr., formed Eaton & Howard Inc., a Boston-based investment firm. In 1931, he became the president and director of the company. During its course of existence, the company formed several funds, including the Growth Fund in 1962; it invested primarily in common stocks of companies that enjoyed aggressive growth. In 1979, the firm was bought by Vance Sanders & Company and became Eaton & Howard, Vance Sanders Inc. Two years later, on February 20, 1981, Eaton Vance Corporation was established as a holding company.