Hartford Funds Management Company, LLC (Wayne)

Name: Hartford Funds Management Company, LLC
Address: 690 Lee Road, Wayne, PA, 19087
Telephone: 610-386-4000

Hartford Funds Management Company, LLC is a large advisory firm based in Wayne. It manages $103.29 billion of regulatory assets for 79 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Connecticut, Florida, and 13 other states.

Hartford Funds Management Company provides portfolio management for investment companies, portfolio management for pooled investment vehicles, selection of other advisers, and registrant provides investment advice to states in connection with 529 plans and model reccomendations. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hartford Funds Management Company: assets under management

The assets under management (AUM) of Hartford Funds Management Company, LLC is $103.29 billion. The firm's AUM has grown by 13% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $101.98 billion in discretionary accounts and $1.31 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.36 billion each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $327.88 million.

Investments

The firm invests in investment and business development companies the most. They account for 83% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 17% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Hartford Funds Management Company, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Hartford Funds Management Company serves?

The firm provides services to investment companies, pooled investment vehicles, and state or municipal government entities. The largest group of clients of Hartford Funds Management Company is investment companies with 75 clients and $101.91 billion of assets under management. Among the 10 most similar advisory firms, Hartford Funds Management Company has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $103.29 billion for 77 clients. None of the firm’s clients are foreign persons or businesses.

Hartford Funds Management Company also advises several private funds. Namely, two other private funds.

Careers at Hartford Funds Management Company, LLC

The company employs 354 people that are either part- or full-time employees. 8 percent of the employees work as investment advisers or researchers. 45 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Gary Melcher	Executive vice president and chief compliance officer	1 Sep 2012	Other	3152206
Edward Paul Macdonald	Manager, vice president, chief legal officer and secretary	1 Sep 2012	Other	4512680
Inc. Hartford Funds Management Group	Sole member	1 Nov 2012	75% - 100%	46-1470670
James Edward Davey	Senior managing director, president and chairman of the board	1 Dec 2012	Other	2041562
Vernon Joseph Meyer	Managing director, chief investment officer	1 Dec 2012	Other	2416119
Gregory A. Frost	Managing director and chief financial officer	1 Dec 2012	Other	2864924
Tamara Lynn Fagely	Manager and chief administrative officer	1 Dec 2012	Other	1758333
Walter Francis Garger	Managing director and general counsel	1 May 2013	Other	4753411

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Hartford Holdings	Owner	1 Aug 2002	75% - 100%	22-3866674
Inc. The Hartford Financial Services Group	Owner	1 Aug 2002	75% - 100%	13-3317783
Inc. Hartford Life	Owner	1 Dec 2012	75% - 100%	06-1470915
Inc. Hartford Holdings	Owner	1 May 2018	75% - 100%	22-3866674

Based in Wayne

The principal office where Hartford Funds Management Company, LLC performs its advisory services is located at 690 Lee Road, Wayne, PA 19087, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 610-386-4000 or by fax 855-470-5700. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at hartfordfunds.com.