Hartford Funds Acquired by Wellington Management | Financial Services M&A Deal

Wellington Management has acquired Hartford Funds, a wealth management ria business in Connecticut, for $1.9 billion. Hartford Funds provides investment solutions and advisor-focused fund distribution for U.S. wealth management clients, supporting financial advisors with portfolio management and servicing capabilities. Wellington Management acquisitions in financial services M&A expand its U.S. wealth platform acquisition footprint by integrating Hartford Funds into its U.S. Wealth business under the Wellington brand. The strategic acquisition is a platform acquisition by a strategic buyer, valued at $1.9 billion, and is expected to close following definitive agreement terms.