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Parametric and IW Financial Team to Create Customized Tax-Managed Separate Accounts

Submitted by: Non Profile

Categories: Socially Responsible Investing, Finance

Posted: Mar 03, 2008 – 09:30 AM EST


Firms to provide socially responsible, faith-based, and other values-based solutions

Mar. 03 /CSRwire/ - PORTLAND, ME - March 3, 2008 — Parametric Portfolio Associates and IW Financial are designing customized tax-managed separate accounts strategies targeting advisors and institutions seeking to incorporate socially responsible, faith-based, Terror-Free and other values-based criteria in their investment portfolios, it was announced today.

The partnership represents the next step in the evolution of providing advisors and investors with access to highly customized investment strategies beyond those available through traditional SRI indexes, which utilize standardized criteria. Through the partnership, IW Financial does not deliver investment solutions but rather collaborates with advisors and Parametric to incorporate environmental, social, and governance (ESG) factors into tax managed index based investment strategies. Parametric is a subsidiary of Eaton Vance Corp. and a leading provider of tax-managed structured investment portfolios.

"The ability to further customize index-based portfolios is extremely attractive to our advisors," said Kurt Galley, Vice President - National Accounts at Parametric. "Teaming with IW Financial allows us to build highly efficient investment strategies that reflect the values and beliefs of faith-based clients. Based on our initial conversations with financial advisors there is significant demand for these innovative customized tax-managed solutions."

Under the terms of the agreement, any institution which offers Parametric's investment advisory services will now have access to IW Financials research and consulting services. Eaton Vance Investment Counsel has offered values based investment management solutions using IW Financial screens to clients for several years.

"Customized ESG and Terror-Free investment strategies are becoming increasingly important to high net-worth and institutional investors," said Craig Muska, Managing Director at IW Financial. "We believe Parametric has correctly identified a growing demand for sophisticated, customized investment solutions beyond those typically available through traditional socially responsible indexes."

About Parametric Portfolio Associates:

Parametric is an industry-leading provider of structured portfolio management, headquartered in Seattle, Washington. As of 10/31/07, Parametric managed approximately $21 billion for individuals, families, and institutions. Parametric and its affiliate, Parametric Risk Advisors, offer a variety of structured portfolio solutions, including customized core equity portfolios (U.S., Non-U.S., global Tax-Managed CoreTM), socially responsible portfolios, options strategies (DeltaShiftSM), and overlay portfolio management (OverlayOneTM).

For more information on Parametric Portfolio Associates visit www.parametricportfolio.com

About IW Financial

IW Financial is a leading provider of environmental, social, and governance (ESG) research, consulting and portfolio management solutions for asset management firms, managed accounts sponsors, institutional investors, plan sponsors, and investment advisors. The firm has recently added research on companies doing business with U.S. State Department designated terrorist states from Conflict Securities Advisory Group (CSAG).

For more information, please contact:

Mike MacMillan MacMillan Communications
Phone: 212-473-4442


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