COLUMBUS, Ohio, March 24 /PRNewswire/ -- Nationwide Financial Services,
Inc. (NYSE: NFS), today announced an agreement with M Financial Group (M
Financial) to offer Nationwide Financial's extensive array of life insurance,
annuity, retirement plan and Corporate-Owned Life Insurance (COLI) products to
M Financial's Member Firms and their affluent and corporate clients.
Through this relationship, M Financial Member Firms can access a wide
array of offerings from Nationwide, one of the nation's leading providers of
life insurance, retirement and long-term investment products and services.
Nationwide Financial and M Financial will also partner to deliver
additional value to Member Firm clients through arrangements that leverage M
Financial's superior mortality, persistency and expense experience. This
experience will play an integral role as M Financial and Nationwide explore
opportunities to develop proprietary products tailored for the high-net worth
and corporate clients of M Financial Member Firms. Additionally, Nationwide
will provide a variety of dedicated resources to support M Financial Member
Firms, including sales and marketing support, underwriting and policyholder
service.
"We are excited to be one of M Financial's exclusive Partner Carriers,"
said Mark R. Thresher, president and chief operating officer for Nationwide
Financial. "Their distribution network is unique in the industry, and their
long history of distribution strength in the corporate and affluent
marketplace will allow us to deliver quality Nationwide products and services
to their Member Firms and their clients."
"Nationwide is an excellent addition to our carrier lineup," said Fred
Jonske, president and CEO of M Financial. "With access to Nationwide's life
insurance, investment and retirement product offerings, our Member Firms have
enhanced their ability to meet the diverse needs of their clients.
Nationwide's strengths, specifically in the corporate arena, coupled with M
Financial's formidable distribution network, provide an excellent foundation
for a very successful relationship."
About M Financial Group
M Financial Group is one of the nation's leading distributors of financial
products and services. Since 1978, the company's network of independent
insurance, investment and executive benefit firms has served the needs of
ultra-affluent individuals, corporate executives, successful entrepreneurs and
Fortune 1000 companies. M Financial has more than 110 Member Firms in 35
states.
About Nationwide Financial(R)
Nationwide Financial Services, Inc. (NYSE: NFS), a publicly traded company
based in Columbus, Ohio, provides a variety of financial services that help
consumers invest(i) and protect their long-term assets, and offers retirement
plans and services through both public- and private-sector employers.
It's part of the Nationwide group of companies, which offers diversified
insurance and financial services. The group is led by Nationwide Mutual
Insurance Company, which is ranked No. 99 on the Fortune 500 based on 2004
revenue.(ii) For more information, visit http://www.nationwide.com.
Nationwide, Nationwide Financial and the Nationwide Framemark are
federally registered service marks of Nationwide Mutual Insurance Company. On
Your Side is a service mark of Nationwide Mutual Insurance Company.
(i) Nationwide Investment Services Corporation, member NASD. In MI only:
Nationwide Investment Svcs. Corporation.
(ii) Fortune Magazine, April 2005
SOURCE Nationwide Financial Services, Inc.
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Related links:
http://www.nationwidefinancial.com
http://www.nationwide.com
CONTACT:
Dan Orzano of Nationwide Financial,
+1-614-677-5115, or orzanod@nationwide.com; or Jacob Boston of M
Financial Group, +1-503-414-7296, or jacob.boston@mfin.com
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