13
March
2019
|
16:38 PM
America/New_York

Nationwide Advisory Solutions Launches New Variable Annuity with Lifetime Income Guarantee Designed Expressly for RIAs and Fee-Based Advisors

Nationwide Advisory Retirement Income Annuity Helps RIAs and Fee-Based Advisors Incorporate Insurance into Holistic Planning to Help Clients Prepare for and Live in Retirement

Louisville, KY – Nationwide Advisory Solutions, a leading innovator of investing solutions for registered investment advisors (RIAs), fee-based advisors and the clients they serve, has achieved another milestone with the launch of Nationwide Advisory Retirement Income Annuity (NARIA)SM, a new variable annuity (VA) with an income guarantee designed expressly for RIAs and fee-based advisors to align with their values and fit the way they work.

NARIA can help RIAs and fee-based advisors incorporate insurance into the holistic planning process with a simple, transparent, low-costi VA to help clients prepare for and live in retirement. NARIA is one of the industry’s first “advisory friendly” VAs with fee-management capabilities that will not erode the client’s benefit baseii, eliminating a key friction point for advisors while creating greater value for clients. For RIAs who don’t hold an insurance license, Nationwide Advisory Solutions provides a licensed insurance agent service direct to the advisor and their client at no additional cost, to help them enhance their client relationship and eliminate the unnecessary expense of any third party.

“As 10,000 Boomers a day leave the workforce to start a retirement that could last 20 to 30 years or more, saving enough for retirement and outliving their savings are among their greatest fears. To help clients accumulate more for retirement and generate guaranteed income they can’t outlive, NARIA is a new insurance solution designed to fit the way RIAs and fee-based advisors work,” said Craig Hawley, head of Nationwide Advisory Solutions. “While more companies claim to offer insurance for the independent fee-based channel, none have our proven track record. We have become a dominant player by serving more than 5,500 RIAs and fee-based advisors and helping them create a competitive advantage.”

With NARIA, RIAs and fee-based advisors can provide more holistic planning, by incorporating insurance that combines tax-deferred growth potential, downside protection and guaranteed retirement income for life. NARIA Retirement Income DeveloperSM, an optional living benefitiii, is designed for pre-retirees and retirees who need future income guaranteed for life but also desire market participation. This guaranteed lifetime withdrawal benefit with a potential step-up feature gives clients the ability to benefit from potential market growth while protecting income from possible market losses. Withdrawing income will not change the client’s benefit base, but certain types of withdrawals can impact income, contract value and death benefits. Offering more than 130 underlying funds from more than 25 fund families, NARIA provides more choice and greater investing flexibility than the majority of traditional VAs with living benefits.iv

In addition to innovating product design, Nationwide Advisory Solutions has developed an innovative end-to-end process adopted by more than 5,500 RIAs and fee-based advisors. This includes an online application, web-enabled account management, and comprehensive integration capabilities with more than 95 percent of all fee-based advisory platforms and technologies, including direct data feeds into the advisor’s workstation, allowing RIAs and fee-based advisors to manage a client’s insurance assets alongside other investments in their portfolio, for more holistic financial planning. Nationwide Advisory Solutions’ award-winning advisor experiencev is built using advanced analytics and artificial intelligence, based on more than a decade of expertise in meeting the unique needs of RIAs and fee-based advisors.

Further expanding the category of insurance products expressly designed for RIAs and fee-based advisors marks another key integration milestone for Nationwide Advisory Solutions and its Fortune 100 parent. This follows the recent launch in late 2018 of Nationwide Advisory IncomeSM, the industry’s first single premium immediate annuity (SPIA) for RIAs and fee-based advisors. Nationwide Advisory Solutions, formerly known as Jefferson National, is the pioneer behind Monument Advisor, the industry’s firstvi Flat-Feevii Investment-Only Variable Annuity (IOVA). Nationwide Advisory Solutions was acquired in 2017 by Nationwide, one of the largest providers of insurance and financial services products in the U.S.

About Nationwide Advisory Solutions

Nationwide Advisory Solutions, formerly known as Jefferson National, is a recognized innovatorv with a mission to help RIAs and fee-based advisors build their practice by helping their clients to potentially accumulate more wealth and reach their financial goals. It does this by developing and delivering value-added investment products, services and technologies that dovetail with fiduciary obligations—wrapped in an industry-leading customer experience.v To learn more, please visit www.nationwideadvisory.com

 

i 0.20% annually (0.15% mortality and expense charge; 0.05% administrative charge)

ii Each adjustment for amounts subsequently surrendered will reduce the living benefit in the same proportion the contract value was reduced on the date of the partial surrender.

iii Additional fees apply. See the prospectus for details.

iv Morningstar Data as of 03/01/19.

v 2018 WealthManagement.com Innovation Award.

vi Mogel, Gary S. (2005, June 6), Flat-fee variable annuity makes its debut. Investment News. Retrieved from http://www.investmentnews.com/article/20050606/SUB/506060708

vii Jefferson National’s Monument Advisor has a $20 monthly flat insurance fee. Additional low-cost fund platform fees ranging from .10% - .35% will be assessed for investors wishing to purchase shares of low-cost funds. See the prospectus for details.

Not a deposit. Not FDIC or NCUSIF insured. Not guaranteed by the institution. Not insured by any federal government agency. May lose value.

All guarantees and protections are subject to the claims paying ability of the issuing company.

An investor should carefully consider the investment objectives, risks, charges and expenses of the investment before investing or sending money. For a prospectus and underlying fund prospectuses containing this and additional information, please contact your financial professional or visit www.nationwideadvisory.com. Read it carefully before investing. The summary of product features is not intended to be all-inclusive. Restrictions may apply. The contracts have exclusions and limitations, and may not be available in all states or at all times.

Variable annuities are investments subject to market fluctuation and risk, including possible loss of principal. Your units, when you make a withdrawal or surrender, may be worth more or less than your original investment.

Variable annuities are long-term investments to help you meet retirement and other long-range goals. Withdrawals of tax-deferred accumulations are subject to ordinary income tax. Withdrawals made prior to age 59½ may incur a 10% IRS tax penalty. Jefferson National does not offer tax advice

Nationwide Advisory Retirement Income Annuity is a variable annuity issued by Nationwide Life Insurance Company, Columbus, Ohio. The general distributor is Nationwide Investment Services Corporation, member FINRA. Products might not be available in all states or territories.

Nationwide Advisory Income is issued by Nationwide Life Insurance Company, Columbus, Ohio.

Monument Advisor is issued in all states, except NY, by Jefferson National Life Insurance Company (Louisville, KY). In New York, Monument Advisor is issued by Jefferson National Life Insurance Company of New York (New York, NY). The general distributor is Jefferson National Securities Corporation, FINRA member. All companies are affiliates of Nationwide Life Insurance Company.

Nationwide, the Nationwide N and Eagle, Nationwide is on your side, Nationwide Advisory Retirement Income Annuity, NARIA and Retirement Income Developer are service marks of Nationwide Mutual Insurance Company. © 2019 Nationwide.

About Nationwide

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.