replacing James B. Hawkes. By September 2007, the firm owned $158.1 billion in assets under management. In 2012, Easton Vance purchased 49% of Hexavest Inc, a Canadian investment management firm. In 2017, Eaton Vance purchased Calvert Investments, which provides mutual funds focused on socially responsible investing. On October 8, 2020, Morgan Stanley announced they were purchasing Eaton Vance for $7 billion. The deal was completed on March 1, 2021. Business model and management The company focuses on investment management but not wealth management, in that it focuses on investment funds rather than financial planning or brokerage services. Therefore, it does not control distribution and financial advisors or retail investors must choose their funds. It is focused on active management rather than passive. , Tom Faust is the Chairman and CEO of the company, a position he took in 2007. Affiliates Eaton Vance Management, headquartered in Boston, Massachusetts. Parametric Portfolio Associates, headquartered in Seattle, with offices in New York City, Boston, Minneapolis, Westport, Connecticut, and Sydney, Australia. Atlanta Capital Hexavest, headquartered in Montreal, Canada. Calvert Research and Management References External links Financial services companies established in 1924 Companies formerly listed on the New York Stock Exchange Companies based in Boston Investment management companies of the United States 1924 establishments in Massachusetts American companies established in 1924 2021 mergers and acquisitions American corporate subsidiaries Morgan Stanley