Available within the participant’s account with Nationwide, the new option gives participants the choice of Nationwide’s entire The Best of America Retirement Resource menu comprised of more than 600 mutual funds from more than 70 fund families for their designated plans, according to a news release.
Thus, with Nationwide Financial’s fund window, more choices are added to the mix without requiring participants to establish a separate trading account or incur any additional fees. All investments are reported on a single statement and are accessed through a single website.
Additionally, Nationwide has rolled out the Nationwide Financial Fund Evaluator, an online tool giving participants another option to sort through the wide array of available mutual funds to identify the ones best suited for their needs. This is done through criteria the participants establish based on data from Morningstar and Nationwide Financial.
These options can be used to create a “My Favorite Funds” list to simplify future allocations or exchanges. Preferred investment criteria can then be established by the investor’s preference of fund performance, risk and portfolio information such as management tenure, expense ratios and net assets.
More information can be found at www.nationwidefinancial.com .