Curian Capital, which has made headway in the asset management market by offering a range of low-minimum separately managed accounts (SMAs) to high-net-worth individuals, further expanded Monday when it announced it would become the sub-advisor for Lansing, Mich.-based Jackson National Life Insurance Company.
Jackson National Life, which owns 23 variable annuity sub-accounts, decided that the three sub-advisors it employed could be replaced by one, and tabbed Curian as the one.
"These Curian portfolios give us one of the most robust offerings of passive money management options within a variable annuity in the industry," said Jacksons senior vice president of product development, Jim Livingston.
While relatively new to the industry, having begun operating in March 2003, Curian has made significant strides by aggressively pursuing strategic partnerships. Jackson National, the financial service industrys 14 th largest variable annuity provider, will begin its relationship with Curian on Dec. 15.