Expanding its relationship with Wellington Management, The Hartford is relocating the headquarters of its mutual funds business to Radnor, Pa., in a complex where Wellington also has an office. It also plans to hire as many as 50 new sales people to this office, adding to the already existing 100 person force nationwide, to support sales of its funds in the advisor-sold and defined contribution investment only (DCIO) channels.
"This move will allow us to focus our attention on the manufacturing, distribution and servicing of our funds in closer proximity to our sole sub-advisor," said Jim Davey, president The Hartford Mutual Funds. "We are determined to use the move to strengthen our investment culture and earn a place among the nation's top ten mutual fund complexes."
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