Nationwide Advisory Solutions Expands Louisville Operation with Addition of 30 High-Skilled, High-Wage Open Positions
Louisville, KY – April 30, 2018 – Nationwide Advisory Solutions, formerly known as Jefferson National, announces 30 high-skilled, high-wage positions opening in Louisville, KY over the next 6 months, increasing an ongoing commitment to job growth and economic development for the city and the region. These positions, in sales, marketing, information technology and software engineering, are projected to generate nearly $13 million in payroll over the next 5 years. This is an important milestone in the Louisville-based company’s integration with its new parent company Nationwide, one of the largest providers of insurance and financial services products in the U.S.
“Joining forces with Nationwide has enhanced our growth potential in numerous ways, including our increased commitment to the economic strength of our city and our region,” said Craig Hawley, Head of Nationwide Advisory Solutions. “We are thrilled to expand our Louisville operations by providing these new opportunities for professional development and advancement with a Fortune 100 Company and a recognized financial services innovator, in a workplace that is growth-oriented and highly entrepreneurial.”
“Louisville Metro Government is committed to focusing on job creation by adding and retaining strong, dynamic companies, and Nationwide Advisory Solutions is a great example of success,” said Mayor Greg Fischer. “We congratulate them on their expansion and thank them for this multi-million dollar investment in our city’s workforce.”
The March 2017 acquisition of the local company, a recognized innovator of investing solutions for Registered Investment Advisors (RIAs), fee-based advisors and the clients they serve, further expands Nationwide’s ability to serve this rapidly growing channel of independent advisors with a greater variety of value-added products and services designed to meet their unique needs, and increases its ability to serve more advisors and customers in the various ways they prefer to do business.
Recruiting for many of the Louisville positions is already in progress and the company will renovate its state-of-the-art facility to accommodate the rapid growth of its workforce. Today’s announcement also builds on the local company’s momentum of its 5-year expansion plan that began in 2012, when it relocated its headquarters from New York to Louisville. In 2013, the company moved to its current facility, committing to create 40 new positions and doubling its office space with an initial investment of more than $2 million. This prior expansion plan generated $55 million in payroll, and a total of $60 million in greater economic development, over the 5-year period from 2012 to 2017.
“We have always believed that Louisville is the right location to attract and retain many of the associates we need, and this latest move is a clear vote in favor of our city’s high-quality local talent,” Hawley continued. “The city and the state have also been valued partners in supporting our growth, and a major factor in our success.”
In 2012, The Kentucky Economic Development Finance Authority provided tax incentives of up to $2 million for up to 10 years through the Kentucky Business Investment program. The performance-based incentives allowed the Company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States. Nationwide is rated A+ by both A.M. Best and Standard & Poor’s. An industry leader in driving customer-focused innovation, Nationwide provides a full range of insurance and financial services products including auto, business, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com. Follow us on Facebook and Twitter.