350797--12/22/2009--EATON_VANCE

related topics

{tax, income, asset}

{regulation, change, law}

{operation, international, foreign}

{personnel, key, retain}

{competitive, industry, competition}

{system, service, information}

{acquisition, growth, future}

We are subject to substantial competition in all aspects of our investment management business and there are few barriers to entry. We derive almost all of our revenue from investment advisory and administration fees, distribution income and service fees received from the Eaton Vance funds and separate accounts. Our assets under management, which impact revenue, are subject to significant fluctuations. We may need to raise additional capital or refinance existing debt in the future, and resources may not be available to us in sufficient amounts or on acceptable terms. Poor investment performance of our products could affect our sales or reduce the amount of assets under management, potentially negatively impacting revenue and net income. Our success depends on key personnel and our financial performance could be negatively affected by the loss of their services. Our expenses are subject to fluctuations that could materially affect our operating results. Our reputation could be damaged. We are subject to federal securities laws, state laws regarding securities fraud, other federal and state laws and rules, and regulations of certain regulatory, self-regulatory and other organizations, including, among others, the SEC, FINRA, the FSA and the New York Stock Exchange. We could be impacted by changes in tax policy due to our tax-managed focus.

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350797--12/22/2009--EATON_VANCE_CORP