COLUMBUS, Ohio, Mar 1, 2017 /PRNewswire/ — Nationwide has finished a formerly announced merger of Jefferson National, an industry-leading distributor of tax-advantaged investing solutions for purebred investment advisors (RIAs), fee-based advisors and a clients they serve.
Jefferson National is now a wholly-owned auxiliary of Nationwide. The transaction increases any organization’s ability to offer some-more partners and members in a ways they cite to do business. Jefferson National is transitioning to a Nationwide brand.
«We are all anxious about fasten army and we acquire Jefferson National associates to a company,» remarkable Kirt Walker, Nationwide Financial boss and arch handling officer. «This partnership allows for expansion in ways that a companies couldn’t have achieved away and complements a clever brokerage placement channel.»
The stream care will sojourn total and a companies design no changes to a sales and use experience.
«Our prophesy of building a placement association that is singularly focused on a singular needs of RIAs and fee-based advisors has truly altered attention perceptions, combined a new difficulty of product, and provides a extensive engine for expansion going forward,» remarkable Mitchell H. Caplan, Jefferson National arch executive officer. «Nationwide has emphasized that they adore what we do, and they wish to learn from us and a approach we do business with RIAs and fee-based advisors. Together, we’ll have an event to precedence Nationwide’s financial strength and ratings, and offer a distant larger operation of value-added products and services along a way.»
The transaction was reviewed by state and sovereign regulators and compulsory approvals were obtained.
Deloitte Corporate Finance LLC and Eversheds Sutherland (US) LLP served as a financial and authorised advisors for Nationwide in tie with a transaction. Raymond James Associates and Sidley Austin LLP served as a financial and authorised advisors for Jefferson National.
About Jefferson National
Jefferson National is a famous dignitary of a heading tax-advantaged investing height for RIAs, fee-based advisors and a clients they serve. Trusted partner to a network of over 4,000 advisors, Jefferson National provides larger efficiency, clarity and choice by an variable record platform, award-winning placement plan and cost-effective servicing capabilities. Named a attention «Gold Standard» and leader of some-more than 50 attention awards, including a DMA 2010 Financial Services Company of a Year. The association serves advisors and clients nationwide, by a subsidiaries Jefferson National Life Insurance Company and Jefferson National Life Insurance Company of New York. To strech a confidant support desk, greatfully call 1-866-WHY-FLAT (1-866-949-3528). To learn more, greatfully revisit www.jeffnat.com.
Nationwide, a Fortune 100 association formed in Columbus, Ohio, is one of a largest and strongest diversified word and financial services organizations in a U.S. and is rated A+ by both A.M. Best and Standard Poor’s. The association provides a full operation of word and financial services, including auto, commercial, homeowners, plantation and life insurance; open and private zone retirement plans, annuities and mutual funds; banking and mortgages; additional surplus, specialty and surety; pet, motorcycle and vessel insurance. For some-more information, revisit www.nationwide.com.
Nationwide, Nationwide is on your side, a Nationwide N and Eagle are use outlines of Nationwide Mutual Insurance Company. © 2017
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