Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:The Hartford Re-Organizes its Sales Force Not Rated 1.0 Email Routing List Email & Route  Print Print
Monday, March 4, 2013

The Hartford Re-Organizes its Sales Force

Reported by Tommy Fernandez

The last time a team went through this much realignment, the Allied Forces invaded Normandy.

Like an army preparing for invasion, The Hartford [profile] is conducting a thorough reorganization of its mutual fund sales force with the aim of trouncing its competitors.

In particular the firm is realigning its mutual fund sales force in four areas:
  • Expanding its senior national account resources to more effectively support our broker-dealer relationships.
  • Streamlining its sales force around more uniform territories in order to provide a more consistent experience for financial advisors. It will also expand its training resources for this group to further develop their expertise and level of professionalism.
  • Increase its dedicated RIA resources to focus on this growing opportunity, as previously announced.
  • Increase its DCIO specialists to better support financial advisors focused on retirement plan business, as previously announced.

  • During an interview with Wire, chief marketing officer Marty Swanson described the changes in this way.
    Over the last 18 months,we have unveiled a number of investments and enhancements in our mutual fund business to accelerate our growth. We are expanding resources in three different areas that we think are really some of our best growth opportunities going forward.

    For example, Swanson said that "we are increasing the number of resources directed to the RIA business. We view RIA as a big opportunity. A lot of industry trends going on, but that is one of the fastest growing sectors in the marketplace. We are doubling the resources focused on RIA. In the past, he said, sales people would have had shared responsibilities with regards to selling to RIAs and other groups."

    The firm also plans to "expand our resources on the DC I-O side. We are committing resources to advisors who are focused on the retirement plan business. This is a space that we have played in historically, but we think there is even more opportunity here."

    In addition, Swanson said that "we are also adding additional senior sales management resources on national accounts. The firm looks to tap into growth potential as more broker-dealers do business through investment platforms."

    Moreover, the Hartford is "also streamlining our wholesaling force. We kind of stepped back and looked at creating what I would call more consistent territories. We are aligning our wholesaling force with in the new geographies. This geographic realignment might led to a dropping of some sales people, but it will really allow us to more efficiently serve advisors out there. Sales territories over time can get out of whack, we are really looking at what makes sense and how we can most effectively support these territories and the financial advisors who do business in there."

    Lastly, Swanson said that "we are also investing heavily in our wholesale training, raising expertise and levels of professionalism."

    There are three goals to this reorganization:
  • Focus on these three growing segments: national accounts, RIA and DCIO.
  • Raise the quality of support they provide broker-dealer firms and financial advisors.
  • Leverage the newly expanded relationship with Wellington Management which now serves as the primary sub-adviser for more than 50 equity, fixed-income, multi-asset, target-retirement, and alternative funds.

  • "We are adding resources in areas that we think possess the greatest opportunities and then realign these sales forces to bump up the opportunities in the most efficient way possible," he said.

    Swanson declined to comment on total personnel numbers after all these changes but said that "numbers-wise, we are probably in line with all of the top players out there. When you look at the top ten players out there, I think we will look similar in size."

    The changes follow the January hiring of Jac McLean for the newly-created position of head of distribution. 

    Stay ahead of the news ... Sign up for our email alerts now
    CLICK HERE

    1.0
     Do You Recommend This Story?



    GO TO: MFWire
    Return to Top
     News Archives
    2025: Q3Q2Q1
    2024: Q4Q3Q2Q1
    2023: Q4Q3Q2Q1
    2022: Q4Q3Q2Q1
    2021: Q4Q3Q2Q1
    2020: Q4Q3Q2Q1
    2019: Q4Q3Q2Q1
    2018: Q4Q3Q2Q1
    2017: Q4Q3Q2Q1
    2016: Q4Q3Q2Q1
    2015: Q4Q3Q2Q1
    2014: Q4Q3Q2Q1
    2013: Q4Q3Q2Q1
    2012: Q4Q3Q2Q1
    2011: Q4Q3Q2Q1
    2010: Q4Q3Q2Q1
    2009: Q4Q3Q2Q1
    2008: Q4Q3Q2Q1
    2007: Q4Q3Q2Q1
    2006: Q4Q3Q2Q1
    2005: Q4Q3Q2Q1
    2004: Q4Q3Q2Q1
    2003: Q4Q3Q2Q1
    2002: Q4Q3Q2Q1
     Subscribe via RSS:
    Raw XML
    Add to My Yahoo!
    follow us in feedly


      Sorry, no records in the database matched your search parameters. Clich back and try again.



    1. Nicsa webinar - New research by Alex Edmans and the Diversity Project - The Power of diverse thinking: How the best teams make decisions, July 1
    2. MFDF Director Discussion Series - Open Forum, July 9
    3. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 10
    4. MFDF Director Discussion Series - Open Forum (Philadelphia), July 15
    5. 2025 MMI Women in Advisory Solutions Forum, Jul 15-16
    6. Nicsa webinar - How Trusted GenAI is Transforming Data Access in Asset Management, July 16
    7. MFDF webinar - M&A and Consolidation in Asset Management, July 16
    8. MFDF webinar - ETF Conversions, July 17
    9. MFDF Director Discussion Series - Open Forum (New York), July 22
    10. MFDF Ask Anything webinar - AI Edition, July 24
    11. MFDF webinar - Use of Derivatives by RICs, July 29
    12. MFDF Director Discussion Series - Open Forum (Columbus, Ohio), August 20
    13. Samfund Soiree Boston 2025, August 21
    14. MFDF webinar - The Audit Committee Chair's Guide to Balancing Duties and Emerging Issues, September 3
    15. ICI ETF Conference, Sep 8-10
    16. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
    17. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
    18. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
    19. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
    20. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
    21. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
    22. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29
    23. MFDF webinar - Diligent - Tools for Fund Board Book, October 1
    24. 10th annual Fuse Forum, October 8
    25. MFDF webinar - Essential Strategies in Board Oversight of Operational Risk Management, October 14
    26. 2025 MMI Annual Conference, Oct 15-17




    ©All rights reserved to InvestmentWires, Inc. 1997-2025
    14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
    Privacy Policy :: Terms of Use