Genworth Financial Wealth Management has appointed Boston-based Eaton Vance as a portfolio strategist for client accounts.

Under the agreement, financial advisors on GFWM's platform will have the option to select Eaton Vance as strategist for accounts utilizing GFWM's absolute return and tactical unconstrained asset allocation approaches. The absolute return approach generates returns through highly-active, risk sensitive alternative strategies, while the tactical approach deals with asset class selection and allocation shifts depending on the market outlook.

Genworth Financial provides wealth management support for advisors in more than 25 countries and has over $100 billion in assets. Eaton Vance and its affiliates manage $165.4 billion in assets as of 30 June 2010.