Products April 12, 2003

Nationwide Financial Debuts Managed Account Product

December 16, 2002 (PLANSPONSOR.com) - Starting early next year, Nationwide Financial will provide a fee-based managed account product to its investment advisors for offering to clients, the company announced.
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According to the Nationwide announcement, The BEST of AMERICA Advisory Services Program features:

  • separately managed account portfolios and mutual funds within Advisor Managed Money Solutions
  • the no-load Advisor Variable Annuity
  • money managers such as American Century Investments, Fidelity Investments, INVESCO, Janus, Neuberger Berman Management, Inc., OppenheimerFunds, and Putnam Investments
  • advice tools and investment manager research from leading investment experts. Ibbotson Associates and. Morningstar Associates, LLC.
  • minimum investments of $25,000 for the mutual fund and variable annuity options
  • tax-planning that includea a tax-deferred variable annuity, customized separately managed accounts, and tax-sensitive mutual fund portfolios

The program also includes technology-based tools to assist with proposal generation, asset allocation and fund selection, as well as program-management tools to assist advisors with account tracking, maintenance and research, Nationwide said about its first offering in the separate account and mutual fund advisory program market.

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Nationwide said the new product will be available to The BEST of AMERICA wholesaler network to financial planning firms, banks, CPA firms and Nationwide Provident agents.

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