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Guardian Unit To Market Curian Managed Account Services

By Staff Writer

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NU Online News Service, Oct. 22, 2003, 3:23 p.m. EDT – Park Avenue Securities L.L.C., New York, has agreed to market managed account services from Curian Capital L.L.C., Denver, under its own brand name.

Park Avenue is a unit of The Guardian Life Insurance Company of America, New York, and Curian is a unit of Prudential P.L.C., London.

The Curian deal will help Park Avenue expand its managed accounts operation quickly, with a fairly small capital investment, Curian says.

The minimum investment for Park Avenue clients who want to open managed accounts will be $25,000.