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

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

Rating:The Hartford Builds Fund Sales Force Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, January 27, 2005

The Hartford Builds Fund Sales Force

Reported by Theresa Sim

The Hartford wants to pump up its fund business, and is devoting the resources to make that happen.

"We want to increase our scale in this business…but in order to grow, we need broader distribution," said Ramani Ayer, chairman and CEO of The Hartford, in a Thursday earnings call.

In pursuit of that goal, the firm has created a mutual fund-only wholesaling team at PLANCO, its distribution unit. The wholesalers will target broker-dealers, independent firms, wirehouses and banks, said Ayer.

Wholesalers looking to jump ship may be interested to know that the firm pays the salespeople on a commission-only basis, said another executive during the call.

Because of the new fund sales unit, "more and more I'm seeing that these wholesalers have a career path [within The Hartford]," said the executive. 

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q2Q1
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




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use