Eaton Vance Investment Counsel (Boston)

Eaton Vance Investment Counsel provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and publication of newsletters. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Eaton Vance Investment Counsel: assets under management

The assets under management (AUM) of Eaton Vance Investment Counsel is $5.95 billion. The firm's AUM has grown by 164% since the beginning of its operation, and $17.84 million of the total AUM is attributable to clients outside of the United States.

The firm manages $5.08 billion in discretionary accounts and $871.89 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.05 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.79 million.

Eaton Vance Investment Counsel has custody of $4.97 billion in cash and securities for 2,378 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 63% of the total AUM. The second-largest asset type is investment and business development companies, which make up 15% of the firm’s portfolio. Investments in state and local bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Eaton Vance Investment Counsel for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients David Connor Mccabe serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of David Connor Mccabe is high net worth individuals with 1,113 clients and $4.42 billion of assets under management. Among the 10 most similar advisory firms, Eaton Vance Investment Counsel has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $5.62 billion for 2,598 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Eaton Vance Investment Counsel doesn't advise any private funds.

Careers at Eaton Vance Investment Counsel

The company employs 53 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 10 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

David Connor Mccabe has been acting as President since 1 Nov 2011. Daniel Carl Cataldo joined the executive team most recently as the Chief Administrative Officer, Vice President.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 40 indirect owners.

Based in Boston

The principal office where Eaton Vance Investment Counsel performs its advisory services is located at Two International Place, Boston, MA 02110, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-482-8260. The normal business hours are 9 a.m. - 5 p.m. est on Monday - Friday. You can find more information about the New York firm at eatonvance.com and its LinkedIn profile.

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