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We Need Your Consent

Morgan Stanley is acquiring Parametric’s parent company, Eaton Vance. Parametric clients may be asked to consent to new advisory agreements.

If you own a separately managed account (SMA) or certain private funds managed by Parametric, you may receive a letter requesting your consent to our continued management of your investment strategy following the close of the transaction. Depending on the terms of your investment management agreement or investment in a private fund, your consent may be required to be in writing.

Morgan Stanley and Eaton Vance expect the transaction to be completed no later than early in the second quarter. Subject to the satisfaction of customary closing conditions, including receipt of necessary regulatory approvals and client consents, the transaction could take place as soon as March 1, 2021.

Own shares of a Parametric-subadvised open- or closed-end fund?

Parametric subadvises certain funds offered and distributed by Eaton Vance Distributors Inc., a registered broker-dealer.  Please visit Eaton Vance’s website for voting information regarding these funds.

About the acquisition

On October 8, 2020, Eaton Vance Corp. (Eaton Vance) and Morgan Stanley announced that they had entered into a definitive agreement under which Morgan Stanley will acquire Eaton Vance and its affiliates. Eaton Vance’s board of directors and voting trustees believe this acquisition is in the best interests of our clients, business partners, and employees. The acquisition:

  • Creates a $1.2 trillion global asset manager with complementary investment capabilities and distribution strengths
  • Expands the breadth and depth of our investment strategies, enhancing our commitment to providing world‐class client solutions
  • Provides additional market opportunities for our investment teams in the US and internationally

Read the press release