The Hartford is shedding its mutual fund division for about $1. 9 billion, a move that will let the company zero in on its core insurance and employee‑benefit offerings.  

The transaction, slated to finish early next year, will transfer Hartford Funds’ $160 billion in assets and its 400‑person team to Wellington Management.  

Under the deal, Hartford Funds will become part of Wellington’s U. S. wealth team and rebrand accordingly.  

Wellington has long handled most advisory duties for Hartford Funds, so the transition feels like a natural step.  

Hartford will receive an initial $300 million payment and further sums spread over seven years, giving shareholders immediate value while preserving a link to future growth.  

Both parties argue the arrangement positions Hartford Funds for greater success under Wellington’s guidance, while allowing The Hartford to sharpen its focus on insurance products.


# Hartford Sells Mutual Fund Business to Wellington Management

The Hartford, a long‑standing insurance provider, is selling its mutual fund business to Wellington Management for **about $1.9 billion**.

- The deal is set to close in early 2027, allowing Hartford to focus on its core insurance and employee benefit services.
- Hartford Funds, which manages **$160 billion** in assets and employs 400 staff in Pennsylvania, will become part of Wellington’s U.S. wealth team under a new brand.
- Wellington has been a long‑time partner, handling most of Hartford Funds’ advisory work.  
- The sale includes an upfront **$300 million** payment and additional payouts over seven years.
- Both parties say the structure delivers quick value to shareholders while preserving a stake in future growth, positioning Hartford Funds for success under Wellington’s leadership.



Hartford Parts Ways With Mutual Funds to Strengthen Insurance Focus

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