Eaton Vance Acquires Asset Management Firm
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Money manager Eaton Vance on Monday said it bought Weston Asset Management Inc., which offers investment services to private clients and institutions, for an undisclosed amount, thereby adding $105 million in assets to the $101.5 billion it already manages.
The acquisition, the latest in a string of deals that have steadily boosted Boston-based Eaton Vance’s assets, will help the company deliver customized asset management services to its wealthy clients, Eaton Vance Chairman James Hawkes said in a statement.
Phoenix-based Weston was founded in 1989 by Jay Alan Schloss, who will join Eaton Vance Investment Counsel.
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