Money management firm Phoenix Duff & Phelps Corp. is shuttering its unit that provides stock research for 25 bank trust departments, financial planners, and other clients.

The Hartford, Conn.-based company plans to focus on its core business of managing money for retail and institutional investors, a spokeswoman said.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.