Products April 24, 2003

Nationwide Unveils Fee-Based Service Plan

April 24, 2003 (PLANSPONSOR.com) - Nationwide Financial is slated to introduce a fee-based advisory service payment option called Plan Advisory Service
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Nationwide said the option is available to Registered Investment Advisors (RIAs) and Certified Public Accountants (CPAs) who provide qualified retirement plans to clients through a fee arrangement rather than on a commissioned basis. With this option, RIAs and CPAs can now advise on The BEST of AMERICA Retirement Resource and Retirement Advisor without being a registered representative, Nationwide said.

RIAs and CPAs can select from among several fee-based options, including:

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  •   a percentage of plan assets
  •   a specified fee per participant
  •   a specified fee for the plan.

These fees are determined for the prospective quarterly period and then deducted from the assets of the retirement plan on a pro rata basis.

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