Curian Capital has announced it plans to offer its managed account program through Security Service Investment Group.

Security Service Investments, a San Antonio unit of Security Service Federal Credit Union, distributes its investment products through a network of credit unions in San Antonio, Colorado Springs and Pueblo, Colo., the managed account provider said last Monday.

Curian is a Denver investment management firm and a subsidiary of Prudential PLC, the London insurer (see "Five Questions with Curian’s Jim Vitale," MME 12/15/03). The firm, which opened in March, has developed a reputation by being the first managed account provider to offer diversified managed accounts for a minimum investment of $25,000 at a time when most banks' investment arms require at least $100,000. Curian creates a stock portfolio for each investor, including 10 to 20 style-specific money managers and typically taking positions in up to 500 securities.

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