Eaton Vance Opts For SEI's 3000-Series Portfolio Service, Dropping Home-Grown System

PORTFOLIO SYSTEMS

Abandoning a home-grown portfolio management system, Boston-based Eaton Vance Management has signed up to use SEI Corp.'s 3000-series service bureau. The decision demonstrates the staying power of service bureaus, especially for investment managers whose applications combine fundamental analysis, longer-term strategies, and the complexity of numerous separate accounts.

Eaton Vance, founded in 1924, supervises nearly $8 billion, including $2 billion in separately managed equity, fixed-income a