Market Overview

Nationwide Retirement Flexible Advantage® Surpasses $1 Billion Mark in Its First Year

COLUMBUS, Ohio--(BUSINESS WIRE)--

Nationwide Financial Services, Inc. today announced its Nationwide Retirement Flexible AdvantageSM product has reached $1 billion in plan assets just one year after its launch, making it the fastest-selling retirement plan product ever launched by Nationwide Financial.

"With more than one billion in assets, Flexible Advantage is helping us provide advisors who specialize in retirement plans with the products and services they've requested. This helps them create customized plans for their clients and demonstrate their value,” said Larry Hilsheimer, president of retirement plans for Nationwide Financial.

Flexible Advantage provides advisors complete flexibility and control in designing retirement plans. To do this, it offers a diverse selection of investment options, fee transparency, fee-based compensation as well as comprehensive support, all at a competitive price.

“This product was developed based on extensive research and feedback from advisors who specialize in retirement plans,” Hilsheimer added. “Our goal was to give advisors the control and flexibility to do what they do best – build successful retirement plans that support the diverse needs of their retirement plan clients.”

Some of Flexible Advantage's key features include:

  • Large selection of investment options with more than 1,000 mutual funds from 90 fund families, as well as a variety of fixed investment choices, including the Nationwide Fixed Select ContractSM, and the Nationwide BankSM FDIC Insured Deposit Account.
  • Personalized investment options to help meet nearly every participant's needs, from those who are looking for “do it for me” solutions to those interested in doing it themselves, and everywhere in between. Flexible Advantage offers multiple target date fund options, a self-directed brokerage account and managed accounts from multiple providers.
  • Flexible compensation for advisors with a variety of fee-based pricing options, including per participant, percent of assets or flat dollar. Plus, commission compensation is available.
  • Transparent and competitive pricing featuring Nationwide ClearCreditSM that enables Nationwide to lower overall plan costs for plan sponsors and participants.
  • Fiduciary tools and support designed to help give advisors and plan sponsors confidence in managing and meeting their fiduciary responsibilities.
  • Comprehensive plan support for advisors, including end-to-end sales support, plan reporting, participant education materials and an ERISA and regulatory online resource.

Flexible Advantage is just one example of how Nationwide is listening to retirement plan advisors to develop the products and services they want to help their clients prepare for retirement.

Earlier this year Nationwide Financial launched Investment Solutions BuilderSM to help Registered Investment Advisers (RIAs) be even more effective in managing retirement plans. Investment Solutions Builder is a web-based tool that helps RIAs build and manage core fund lineups and asset allocation models, online in real-time.

“Nationwide is committed to giving advisors what they need to be the valued expert their clients depend on to help them prepare for and live in retirement,” Hilsheimer said.

For more information on Nationwide Retirement Flexible Advantage, please watch this short video or call 1-800-626-3112.

About Nationwide

Nationwide Mutual Insurance Company, based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the U.S. and is rated A+ by both A.M. Best and Standard & Poor's. The company provides customers a full range of insurance and financial services, including auto insurance, motorcycle, boat, homeowners, pet, life insurance, farm, commercial insurance, annuities, mortgages, mutual funds, pensions, long-term savings plans and specialty health services. For more information, visit www.nationwide.com.

These ratings and rankings reflect Rating Agency assessment of the financial strength and claims-paying ability of Nationwide Life Insurance Company and are subject to change at any time. They are not intended to reflect the investment experience or financial strength of any variable account, which is subject to market risk. Because the dates are only updated when there's a change in the rating, the dates above reflect the most recent ratings we have received.

For more information about the available underlying investment options, including all charges and expenses, please consult a fund prospectus by calling 1-800-626-3112 or visiting nationwide.com. Fund prospectuses and additional information relating to your retirement plan can be obtained by contacting your Retirement Plan Representative. Before investing, carefully consider the fund's investment objectives, risks, charges and expenses. The fund prospectus contains this and other important information. Read the prospectus carefully before investing.

Target Maturity Funds are designed to provide diversification and asset allocation across several types of investments and asset classes, primarily by investing in underlying funds. Therefore, in addition to the expenses of the Target Maturity Funds, an investor is indirectly paying a proportionate share of the applicable fees and expenses of the underlying funds. Target Maturity Funds are subject to market risk and loss. Loss of principal can occur at any time, including before, at or after the target date. There is no guarantee that target date funds will provide enough income for retirement.

Self-directed brokerage services are available through TD Ameritrade Corporate Services, Division of Ameritrade, Inc., a registered broker-dealer not affiliated with Nationwide.

RIA Managed Account Services is a separate financial processing service offered by Nationwide through its affiliate, RIA Services, Inc. that allows sponsors of plans funded with the Nationwide Group Retirement Series to make investment advisory services available to participants. The plan sponsor must determine whether this service is appropriate for participants and consistent with the terms of the plan and has exclusive responsibility for the selection of any investment advisory firm. Offering not approved for use by all broker/dealers.

Nationwide ClearCredit is the amount by which the Nationwide Asset Fee is reduced for a particular fund. The ClearCredit is based upon the amount of payments Nationwide receives from the particular fund. It will change if the amount of payments Nationwide receives from a particular fund changes and is not applicable to every fund. For more information about payments Nationwide receives, go to www.nationwide.com.

The Nationwide Group Retirement Series includes unregistered group fixed and variable annuities and trust programs. The unregistered group fixed and variable annuities are issued by Nationwide Life Insurance Company. Trust programs and trust services are offered by Nationwide Trust Company, FSB, a division of Nationwide Bank. Nationwide Investment Services Corporation, member FINRA. In MI only: Nationwide Investment Svcs. Corporation.

Life insurance is issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, Ohio.

Nationwide, Nationwide Financial, the Nationwide framemark, Nationwide Bank, Nationwide ClearCredit and On Your Side are service marks of Nationwide Mutual Insurance Company.

Nationwide
Jeff Whetzel, 614-249-6354
whetzej@nationwide.com
or
Erica Lewis, 614-249-0184
lewise6@nationwide.com

 

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