RADNOR, Pa.--(BUSINESS WIRE)--Hartford Funds announced today that it has made enhancements to its defined contribution investment-only (DCIO) capabilities by strategically structuring and growing its team, including the appointment of Bill Dougherty, Senior Vice President at Hartford Funds, who will now oversee the firm’s DCIO distribution team of 10 individuals supporting the business. Hartford Funds will also introduce an R6 share class to 12 of its mutual funds.
Dougherty will be responsible for leading the strategic direction of Hartford Funds DCIO group, which Cogent1 recently ranked as one of the top 10 “Likely to Be Considered” DCIO providers. In addition, he will continue to oversee distribution within the registered investment advisor (RIA), bank trust and consultant channels, leveraging knowledge across both sides of the business. Recently joining the DCIO team are also two new senior executives: John Boyd, Vice President, Senior National Accounts Manager and Dana Hartwell, Defined Contribution Investment National Accounts Manager. Boyd and Hartwell will be responsible for cultivating and establishing key relationships.
“Bill’s leadership of the RIA, bank trust, consultant and plan sponsor teams provides an opportunity to offer a more holistic view of the DCIO opportunity across all channels,” said Jac McLean, Head of Distribution, Hartford Funds. “These enhancements to our distribution model further our commitment to effectively serving these audiences.”
The addition of the R6 share class to a dozen funds provides flexibility in the retirement plan space. This structure is designed to better serve the retirement planning market and enables consultants and plan sponsors to choose the share class that best meets their clients’ needs. The R6 share class will be available beginning November 7, 2014.
Among the 12 funds offering the R6 share class is the Total Return Bond Fund, which also recently added a fee waiver following management fee evaluation. Additional funds offering the R6 share class include:
- Hartford World Bond Fund
- Hartford Balanced Income Fund
- Hartford Dividend & Growth Fund
- Hartford Equity Income Fund
- Hartford Growth Opportunities Fund
- Hartford International Opportunities Fund
- Hartford Capital Appreciation Fund
- Hartford MidCap Fund
- Hartford Small Cap Growth Fund
- Hartford Small Company Fund
- Hartford Strategic Income Fund
1 Market Strategies International, Cogent Reports: Competition Among DC Investment Managers Gets Hotter, http://www.marketstrategies.com/news/2387/1/Cogent-Reports--Competition-Among-DC-Investment-Manager-Gets-Hotter.aspx (Jun. 25, 2014).
About Hartford Funds
Founded in 1996, Hartford Funds is a leading provider of mutual funds and 529 college savings plans. The Company offers a broad range of actively managed strategies designed to provide solutions for a variety of investment needs. Hartford Funds has total assets under management of $73.3 billion as of September 30, 2014 (excluding assets used in certain annuity products). Hartford Funds are sub-advised by Wellington Management, a leading investment advisor. For more information about the fund family, visit www.hartfordfunds.com.
Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.
Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC. Hartford Funds Distributors, LLC is a subsidiary of The Hartford Financial Services Group Inc.
“The Hartford” is The Hartford Financial Services Group Inc. and its subsidiaries. Wellington Management Company, LLP is a SEC-registered investment adviser and an independent and unaffiliated sub-adviser to Hartford Funds.
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Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in The Hartford’s Quarterly Reports on Form 10-Q, our 2013 Annual Report on Form 10-K and the other filings The Hartford makes with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.
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