DENVER BUSINESS JOURNAL - Curian Capital LLC, an asset management company based in the Denver Tech Center, plans to close down next year and stopped accepting new accounts effective today.
It's unclear what that means for the 300 employees who work out of the Curian offices near the intersection of interstates 25 and 225.
Curian will continue to manage existing accounts into 2016 to allow financial professionals and clients sufficient time to plan for the transition of accounts, said Mark Mandich, interim president and CEO of Curian. The company expects to exit the business around the end of the first quarter 2016.
"When Curian launched 12 years ago, the competitive landscape and market trends favorably supported the business," Mandich said in a statement. "Given the industry-wide changes in technology, product offerings and market size, Curian has determined that it is no longer commercially positioned to provide clients high value investment programs over the long term.
Read more at the Denver Business Journal: http://bit.ly/1MBxopz
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