Eaton Vance Corp. is engaged in managing investment funds and providing investment management and counseling services to high-net-worth individuals and institutions. The Company focuses to develop and sustain management expertise across a range of investment disciplines and to offer investment products and services through multiple distribution channels. It conducts its investment management business through its wholly owned affiliates: Eaton Vance Management (EVM), Boston Management and Research (BMR), Eaton Vance Investment Counsel (EVIC), Eaton Vance (Ireland) Limited (EVAI) and Eaton Vance Trust Company (EVTC). In December 2012, the Company's subsidiary, Parametric Portfolio Associates LLC, acquired The Clifton Group Investment Management Company. In February 2013, the Company formed Eaton Vance Institutional Cash Management Services.