Wellington Management is set to acquire Hartford Funds in a significant $1.9 billion deal. This acquisition marks a strategic move for Wellington to expand its presence in the wealth management sector.

Wellington Management has finalized a $1.9 billion agreement to acquire Hartford Funds. This significant transaction marks a major consolidation in the asset management industry.

Wellington Management announced its intention to purchase Hartford Funds from The Hartford for $1.9 billion, a strategic move to bolster its wealth management offerings.