Eaton Vance Acquires Asset Management Firm

Money manager Eaton Vance on Monday said it bought Weston Asset Management Inc., which offers investment services to private clients and institutions, for an undisclosed amount, thereby adding $105 million in assets to the $101.5 billion it already manages.

The acquisition, the latest in a string of deals that have steadily boosted Boston-based Eaton Vance’s assets, will help the company deliver customized asset management services to its wealthy clients, Eaton Vance Chairman James Hawkes said in a statement.

Phoenix-based Weston was founded in 1989 by Jay Alan Schloss, who will join Eaton Vance Investment Counsel.