Prudential Shuts Down Curian Capital, a Jackson National Subsidiary

July 31, 2015 by Bloomberg

(Bloomberg) — Prudential Plc, the U.K.’s biggest insurer by market value, is winding down the Curian Capital asset management operation in the U.S. after a review of its business.

Curian will stop accepting new accounts July 31 and expects to exit the business around the end of March, the Denver-based company said Thursday in a statement.

That time period will “allow financial professionals and clients sufficient time to plan for the transition of accounts,” Mark Mandich, Curian’s interim president, said in the statement. Click HERE to read article.

Originally Posted at InsuranceNewsNet on July 31, 2015 by Bloomberg.