Weil is advising The Hartford, a leader in property and casualty insurance and employee benefits, in the sale of Hartford Funds, a leading provider of investment solutions for the wealth management market, to Wellington Management, one of the world’s leading independent investment managers. Upon closing, Hartford Funds will be integrated into Wellington’s U.S. Wealth business and going forward the business will operate under the Wellington brand. The net present value of the transaction is estimated to be $1.9 billion. 

The Weil Asset Management M&A team is led by partners Brian Parness and Luke Laumann and includes Private Equity counsel Zahraa Hadi and associates Sabah Khokhar and Erica Chen; Tax partner Graham Magill, Global Tax Chair Joe Pari, counsel Blake Bitter and associate Madeline Joerg; Executive Compensation & Benefits partner Paul Wessel, counsel Steven Margolis and associate Justine Park; Employment partner Rebecca Sivitz and associates Paige Mickel and Jon Greenstein; Governance, Securities & Reporting partner Adé Heyliger; Antitrust partner Mark Seidman and associates Meghana Appalaraju and Melissa Bredbenner; Technology & IP Transactions partner Dennis Adams and associates Shreya Santhanam and Izzy Wang; Privacy & Cybersecurity partner Liza Cotter and associate Hilary Wilders; and Banking & Finance partner Andrew Yoon and associate Thomas Heilborn.