Wellington Management acquires Hartford Funds

Wellington Management Company>>> has agreed to acquire The Hartford>>> from The Hartford>>> in a deal valued at an estimated net present value of $1.9 billion. The transaction, expected to close in the first quarter of 2027, will see The Hartford>>> receive $300 million in cash at closing, with additional payments over seven years tied to the combined business's after-tax cash generation. Upon completion, The Hartford>>> will be integrated into Wellington Management Company>>>'s U.S. Wealth business and operate under the Wellington brand. This acquisition aims to combine Wellington Management Company>>>'s investment management expertise with The Hartford>>>' advisor distribution platform, creating an integrated wealth management business offering a broader range of investment solutions. The combined entity will include approximately 200 client-facing professionals, enhancing advisor support and market reach.