Wellington Management Acquires Hartford Funds for $1.9 Billion
Wellington Management has agreed to acquire Hartford Funds, the asset management arm of The Hartford insurance group, in a deal valued at $1.9 billion. This marks Wellington's first acquisition since going private over 50 years ago and is expected to enhance its distribution platform for financial advisors.
Tickers: $WELL
Topics: Asset Management Mergers & Acquisitions Wealth Management