Morgan Stanley completed the acquisition of Eaton Vance for $7bn.

Morgan Stanley completed the acquisition of Eaton Vance, a provider of advanced investment strategies and wealth management solutions, for $7bn. “Eaton Vance is a perfect fit for Morgan Stanley. This transaction further advances our strategic transformation by continuing to add more fee-based revenues to complement our world-class investment banking and institutional securities franchise. With the addition of Eaton Vance, Morgan Stanley will oversee $4.4tn of client assets and AUM across its Wealth Management and Investment Management segments,” James P. Gorman, Morgan Stanley Chairman and Chief Executive Officer.