Brinker Capital, an investment management firm in Berwyn, Pa., has created a transition support team to assist Curian Capital advisors who are being affected by the Curian shutdown, Brinker Capital announced Thursday. The new team will be headed by a former Curian Vice President, Greg Verfaillie.
Verfaillie, who joins Brinker Capital as a managing director, previously was senior vice president and national sales manager at Curian Capital, where he worked for 13 years.
Prudential Plc, the United Kingdom’s biggest insurer by market value, announced last week it is winding down the Curian Capital asset management operation in the United States after a review of its business.
Several firms are stepping forward to try to attract Curian employees and clients. Brinker Capital has created a team of service professionals who will help Curian employees and clients make the transition.
“The entire Brinker Capital team stands ready to assist advisors who work with Curian Capital in thinking through and executing a transition that not only maintains, but enhances their relationship with their clients,” says Ed Kelly, vice president of national sales at Brinker Capital.
“Advisors and their clients are understandably anxious about the potential disruption that the Curian Capital shutdown could cause, and our overarching goal is to reduce it to the greatest extent possible,” says Verfaillie.