Morgan Stanley (NYSE: MS) announced today that it has completed the previously announced acquisition of Eaton Vance Corp. in a stock and cash transaction. … With the addition of Eaton Vance, Morgan Stanley will oversee $5.4 trillion of client assets across its Wealth Management and Investment Management segments.
Likewise, people ask, is Eaton Vance a good investment?
Still, the asset management business remains a highly profitable one, as Morgan Stanley knows. Eaton Vance’s stock has returned nearly 6% annualized for the past decade and Morningstar calculates its five-year average return on invested capital at 17%.
Accordingly, will Eaton Vance keep its name?
(NYSE: EV) announced today that the companies currently expect to complete Morgan Stanley’s acquisition of Eaton Vance on March 1, 2021 pursuant to the merger agreement dated as of October 7, 2020 (the “Merger Agreement”). Completion of the transaction remains subject to customary closing conditions.
What Multiple did Morgan Stanley pay for Eaton Vance?
Morgan Stanley to buy Eaton Vance for $7 billion in investment-management push.
How much did Morgan Stanley pay for Eaton Vance?
in a stock and cash transaction. Eaton Vance common stockholders were offered 0.5833 Morgan Stanley common shares and $28.25 per share in cash for each Eaton Vance common share, and had the opportunity to elect to receive the merger consideration all in cash or all in stock, subject to proration and adjustment.
Why did Morgan Stanley Eaton Vance?
The combination will better position Morgan Stanley to generate attractive financial returns through increased scale, improved distribution, cost savings of $150MM – or 4% of MSIM and Eaton Vance expenses – and revenue opportunities.
How much money does Eaton Vance managed?
Eaton Vance Management is a large financial advisor firm that has its main offices in Boston, MA. The firm has around $102 billion in assets under management (AUM) and a team of about 230 financial advisors.
What is Eaton Vance known for?
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.
Does Eaton Vance own parametric?
Eaton Vance took a majority stake in Parametric, bolstering its custom SMA business by providing Parametric with access to advisory platforms, support for product development, and distribution expertise.
Does Eaton Vance own Calvert?
2017: Calvert Investment Management (CIM) was purchased by Eaton Vance and replaced with Calvert Research and Management (CRM).
Who bought Morgan Stanley?
MUFG
| The Morgan Stanley Building head office in New York City. | |
|---|---|
| Total equity | US$82.697 billion (2019) |
| Owner | MUFG (24.0%) |
| Number of employees | 70,431 (2019) |
| Capital ratio | 16.4% (FY 2019) |
Is Eaton Vance a mutual fund?
We offer mutual funds that invest across a wide array of equity, income and alternative strategies.
What happened Eaton Vance?
Morgan Stanley (NYSE: MS) announced today that it has completed the previously announced acquisition of Eaton Vance Corp. in a stock and cash transaction. … With the addition of Eaton Vance, Morgan Stanley will oversee $5.4 trillion of client assets across its Wealth Management and Investment Management segments.
Why would I want to work for Morgan Stanley?
Our employees represent a wealth of different backgrounds and bring their unique perspectives, ideas and experiences to whatever role they take on, helping cultivate a workplace that is resilient, results-driven and effective. And we look to promote diversity in other ways, too.