Nationwide finalizes acquisition of Jefferson National

Nationwide recently completed its acquisition of Jefferson National, which is a leading distributor for registered investment advisors (RIAs) and fee-based advisors seeking tax-advantaged investing solutions.

“Our vision…has truly changed industry perceptions, created a new category of product, and provides a tremendous engine for growth going forward,” Mitchell H. Caplan, Jefferson National CEO, said. “Nationwide has emphasized that they love what we do, and they want to learn from us and the way we do business with RIAs and fee-based advisors. Together, we’ll have an opportunity to leverage Nationwide’s financial strength and ratings, and offer a far greater range of value-added products and services along the way.”

Nationwide now owns Jefferson National as a subsidiary, and Jefferson is transitioning to its new parent company brand. The organizations say they do not expect the merger to affect sales and service experiences and believe the acquisition will improve the ability of both companies to serve partners and members.

“We are all thrilled about joining forces and we welcome Jefferson National associates to the company,” Kirt Walker, Nationwide Financial president and COO, said. “This partnership allows for growth in ways that our companies couldn’t have achieved individually and complements our strong brokerage distribution channel.”