The Phoenix Cos. of Hartford has filed a registration statement with the SEC indicating its intent to spin off Phoenix Investment Partners, its asset management subsidiary, to Phoenix stockholders.

“Once concluded, this transaction will represent the culmination of the restructuring of asset management and the refocusing of life and annuity that will allow each company to focus on maximizing its own, distinct opportunities and different financial characteristics," said Dona D. Young, chairman, president and chief executive officer of The Phoenix Cos.

Goodwin Capital Advisers, currently part of Phoenix Investment Partners, will remain with Phoenix and continue to manage Phoenix’s general account assets. It also will manage certain retail mutual funds of the new asset management company, under a sub-advisory agreement, as well as institutional accounts, the companies said.

Phoenix Investment Partner’s president, George R. Aylward, will serve as president and chief executive officer of the new asset management company.