Eaton Vance has acquired the assets of U.S. wealth and investment advisory services firm, Pelican Investment Management. Pelican, which has offices in Boston and New York, has around $500 million of client assets under management. Upon completion of the deal, Pelican principals Anthony Pell, David Callard, John Paolella and their team will join Eaton Vance Investment Counsel. The financial terms of the transaction were not disclosed.
Click here for the release from PR Newswire.