# Boston Management and Research

> Boston Management and Research is an SEC-registered investment advisory firm in Boston, MA, registered since 1993, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 29, 2026.

- CRD: 104853
- Filed as: BOSTON MANAGEMENT AND RESEARCH
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Boston, MA
- Filing period: October 2026
- Form ADV filing dated: March 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/104853
- AdvisorCensus page: https://advisorcensus.com/firm/boston-management-and-research-boston-ma-104853

## Quick answers

**How is Boston Management and Research compensated?**
On its Form ADV (Item 5.E, October 2026), Boston Management and Research reports these compensation arrangements: a percentage of assets under its management; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Boston Management and Research located?**
Boston Management and Research's principal office is in Boston, MA, according to its Form ADV; the April 2026 filing also lists 3 other offices (Schedule D, Section 1.F).

**Is Boston Management and Research registered with the SEC or a state?**
Boston Management and Research is an SEC-registered investment advisory firm, registered since 1993. Status as filed: Approved. CRD 104853.

**How much does Boston Management and Research manage?**
Boston Management and Research reports $154,728,180,497 in regulatory assets under management in its Form ADV filing dated March 29, 2026 (100% discretionary).

**How have Boston Management and Research's assets and staff changed since 2021?**
In the Form ADV data for Boston Management and Research: Regulatory assets under management: $98,665,995,742 in the October 2021 data and $154,728,180,497 in the October 2026 data, up 57%. Total employees: 866 in October 2021 and 203 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Boston Management and Research serve?**
By number of clients on Form ADV Item 5.D: investment companies (49); pooled investment vehicles (other than investment companies and business development companies) (23).

**Does Boston Management and Research report any disciplinary disclosures?**
Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.D(1) (another regulator's finding of a false statement or omission, or of dishonest, unfair, or unethical conduct), 11.D(2) (another regulator's finding of a violation), and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/104853

**What changed in Boston Management and Research's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 160 to 144. Regulatory assets under management went from $128,137,184,379 to $154,728,180,497 (+21%). Added an office in London. Added an office in New York, NY. Added an office in Washington, DC.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Other

### Regulatory assets under management (Item 5.F)
- Total: $154,728,180,497
- Discretionary: $154,728,180,497
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Fewer than 5 | Not reported |
| High net worth individuals | Fewer than 5 | Not reported |
| Banking or thrift institutions | Fewer than 5 | Not reported |
| Investment companies | 49 | $82,515,131,545 |
| Pooled investment vehicles (other than investment companies and business development companies) | 23 | $72,213,048,952 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | Not reported |
| Charitable organizations | Fewer than 5 | Not reported |
| State or municipal government entities (including government pension plans) | Fewer than 5 | Not reported |
| Other investment advisers | Fewer than 5 | Not reported |
| Insurance companies | Fewer than 5 | Not reported |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | Not reported |
| Corporations or other businesses not listed above | Fewer than 5 | Not reported |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 1993 (33 years)
- Employees: 203 total, 144 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(1): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/104853

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- London
- New York, NY
- Washington, DC

### Websites listed on Form ADV (Item 1.I)
- eatonvance.com
- eatonvancerealestate.com
- LinkedIn @eaton-vance
- LinkedIn @eaton-vance-institutional
- X @EatonVance
- YouTube @UCep59EZ4GovCblOWe-Cb0jQ

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $98,665,995,742 | 866 | July 30, 2021 |
| October 2022 | $131,006,829,389 | 776 | March 31, 2022 |
| October 2023 | $106,137,971,878 | 253 | October 2, 2023 |
| October 2024 | $111,002,081,270 | 225 | March 27, 2024 |
| October 2025 | $128,137,184,379 | 215 | June 25, 2025 |
| October 2026 | $154,728,180,497 | 203 | March 29, 2026 |

Regulatory assets under management: $98,665,995,742 in the October 2021 data and $154,728,180,497 in the October 2026 data, up 57%.
Total employees: 866 in October 2021 and 203 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 160 to 144.
- Regulatory assets under management went from $128,137,184,379 to $154,728,180,497 (+21%).
- Added an office in London.
- Added an office in New York, NY.
- Added an office in Washington, DC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Boston Management and Research (CRD 104853): Form ADV filing data as of October 2026.