The Best of America Advisory Services Program(R) introduces Separate Account
Multi-Style Investment Portfolios for advisors, clients
COLUMBUS, Ohio, Oct. 7 /PRNewswire/ -- The Best of America Advisory
Services Program, the fee-based managed account platform offered by Nationwide
Financial Services, Inc. (NYSE: NFS) through Nationwide Investment Services
Corporation, will expand its packaged investment solutions to assist advisors
in helping clients meet their investment objectives. Multi-Style Investment
Portfolios have been added to the platform as part of this expansion.
Scott Englehart, recently named chief operating officer for the Advisory
Services Program, said the decision to expand packaged solutions was largely
based on feedback from advisors who were looking for less complicated ways to
deliver investment alternatives to clients.
"We've listened to advisors and addressed their desire for sophisticated
investment solutions that can be delivered to clients in a simplified manner
without sacrificing the sales, service and technical support they're
accustomed to," said Englehart.
The Advisory Services Program allows financial advisors to use a
technology platform that will automatically establish a client's risk
tolerance and time horizon through a simple, yet sophisticated, consultative
process. Nationwide has partnered with Ibbotson Associates to develop an
investor profiling tool and asset allocation models for use with The Best of
America Advisory Services Program. The appropriate asset allocation model --
Conservative, Moderately Conservative, Moderate, Moderately Aggressive or
Aggressive -- is then selected for the client based on their risk tolerance
and time horizon.
Advisors then select from one of three turn-key investment solutions that
is best suited to a client's needs: a Mutual Fund Select Investment
Portfolio, a Variable Annuity Select Investment Portfolio, or Multi-Style
Investment Portfolios.
Multi-Style Investment Portfolios, or MSIPs, are a diversified set of
portfolios made up of individual separate account research managers that have
been carefully evaluated and selected for The Best of America Advisory
Services Program. MSIPs offer investors a diversified separately managed
account portfolio -- using multiple asset styles -- based on five asset
allocation models. Tax sensitive models are also available.
Also included in the platform is a Portfolio Review and Solution option, a
customized investment solution to serve high net worth clients with one
million dollars or more, using a combination of mutual funds and separately
managed accounts.
"The account minimums, ranging from twenty-five thousand dollars for the
Mutual Fund Select Investment Portfolio to one million for the Portfolio
Review and Solution, provide advisors with the opportunity to offer these
packaged solutions to a wide range of investors," said Englehart.
In addition to establishing the risk assessment and appropriate asset
allocation mix, the program's consultative process also:
- Provides clients with a long-term investment strategy to help them stay
focused and on course to reach their goals
- Alleviates time-consuming manager due diligence process for advisors
- Streamlines the ongoing monitoring of account managers, investment
strategy and client needs
- Utilizes quarterly manager and strategy research reports
"Relieving financial advisors from managing day-to-day account activities
allows them to dedicate more time to managing client relationships, which is a
win-win for both parties," said Englehart.
About Ibbotson Associates
Ibbotson Associates is a leading authority on asset allocation, providing
products and services to help investment professionals obtain, manage and
retain assets. The company's business lines include investment consulting and
research; planning and analysis software; investment advice; educational and
marketing services and a widely used line of NASD-reviewed presentation
materials. The company markets its integrated product line to institutional
money managers, insurance companies, plan sponsors and consultants, financial
planners, brokers, mutual fund firms, hedge funds, banks and small money
managers. For more information, visit http://www.ibbotson.com.
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 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 100 based on 2004
revenue (i). 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. The
Best of America Advisory Services Program is a federally registered service
mark of Nationwide Life Insurance Company. On Your Side is a service mark of
Nationwide Mutual Insurance Company.
i Fortune Magazine, April 2005
The Best of America Advisory Services Program is sponsored by Nationwide
Investment Services Corporation, an SEC registered Investment Advisor.
Nationwide Life Insurance Company is a subsidiary of Nationwide Financial
Services, Inc., a publicly traded holding company. Persimmon Securities,
Inc., member NASD and SIPC will serve as the introducing broker with respect
to Portfolio Review and Solution accounts. Persimmon Securities, Inc.
accounts are carried by, and securities transactions effected through, First
Clearing Corporation, member New York Stock Exchange and SIPC.
Contacts:
Jeff Whetzel (614) 249-6354
whetzej@nationwide.com
Jeff Botti (614) 249-6339
bottij@nationwide.com
SOURCE Nationwide Financial Services, Inc.
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Related links:
http://www.nationwidefinancial.com
http://www.ibbotson.com
Company News On-Call:
http://www.prnewswire.com/comp/607050.html
CONTACT:
Jeff Whetzel, +1-614-249-6354, or
whetzej@nationwide.com, or Jeff Botti, +1-614-249-6339, or
bottij@nationwide.com, both of Nationwide
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