E*TRADE Financial Corp. yesterday announced that it signed an agreement to sell RAA Wealth Management, LLC to PHH Investments, Ltd. for $80 million. The deal is part of its restructuring plan to sell non-core assets after it took a big hit from the subprime mortgage meltdown. It's expected to close within 90 days. PHH is a Texas-based registered investment advisor specializing in airline crewmember clients.