Curian Capital to Expand Wholesaling Force.DENVER -- Curian Capital, a registered investment advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in providing fee-based managed accounts and investment products to financial professionals (www.curian.com), today announced that that the company will add nine wholesalers to its distribution force. Curian has initiated the recruiting process and expects to have the new wholesalers in place within the next 60 to 90 days. Upon completion of the expansion, Curian will have added two external and seven internal wholesalers -- known as Regional Business Consultants -- to its sales force, bringing the total number of wholesalers to 34. Additionally, Curian expects to enhance its ratio of internal to external wholesalers to 1:1, which will ultimately provide financial advisors and key distribution relationships with the highest possible level of client service and support. "Coming off a successful 2005, and to take full advantage of the enormous opportunities that exist in the managed accounts industry, we feel the time is right to expand our distribution force and add more wholesalers to our team," said Michael Bell
Michael Patrick Bell is an actor and voice over artist, born April 10, 1938 in Brooklyn, New York. , president and chief executive officer of Curian Capital. "Furthermore, by expanding our wholesaling force, we are demonstrating our commitment to providing superior client service for financial professionals as they seek out new and innovative investment opportunities for their clients. Looking ahead, Curian will continue to add resources that we feel will help us grow and build our presence in the ever-expanding managed accounts marketplace." In just over three years since inception, Curian Capital has secured more than 270 selling agreements, which have resulted in more than 18,000 financial professionals authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: to offer the Curian separately managed accounts platform. At the end of 2005, the company had $753 million of annual in-flows, more than 15,900 accounts and $1.7 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . About Curian Capital Headquartered in Denver, Colo., Curian Capital (www.curian.com) is a registered investment advisor providing innovative fee-based managed accounts and investment products to financial professionals through a state-of-the-art technology platform. The company is a subsidiary of Lansing, Mich.-based Jackson National Life Jackson National Life Insurance is a U.S. life assurance company that is a subsidiary of the UK based insurer, Prudential Plc. Founded in 1961, Jackson is headquartered in Lansing, Michigan, and has over a thousand employees in the region. Insurance Company(R). With nearly $68 billion in assets (GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). ), Jackson National is an industry leader in the areas of fixed, fixed index, variable annuities Variable annuities Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. , and life insurance. The company markets its products in 49 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). through independent and regional broker-dealers, financial institutions and independent insurance agents. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion