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.”
