Eaton Vance chief James Hawkes believes asset-management only shops are poised for more success, according to a report from Reuters.

At a conference on Wednesday, Hawkes said that asset management-only shops may stand to gain from investors shunning lower-performing products.

"The world seems to be embracing the concept of independent mutual funds and I think that this may provide us with a tremendous opportunity," said Hawkes.

How does Eaton Vance plan on taking advantage of the opportunity? The Boston-based firm plans to grow by continuing to target the affluent market, boosting institutional business, and growing retail managed account assets. "We added assets the old-fashioned way and we plan to go after our next $100 billion the same way," said Hawkes.  

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