It looks like the 4,000 registered investment advisors (RIAs) and other advisors affiliated Jefferson National will soon become very familiar with the jingle “Nationwide is on your side.”
On Thursday, Nationwide said it struck a deal to buy the Louisville-based distributor of investment products, such as a flat-fee investment-only variable annuity. Jefferson National has about $4.7 billion in client assets.
Terms of the deal were not made public; the firms expect to close early next year.
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Janet Levaux
Editor-in-Chief Janet Levaux has covered the financial markets since 1991, with a focus on financial advisors since 2005. After graduating from Yale and the Johns Hopkins School of Advanced International Studies (SAIS), where she studied global economics, Janet worked as a freelance financial and business writer in Japan, and then as a reporter and editor for Investor's Business Daily and the Bay Area News Group in California. She earned an MBA in 2007 and since then has helped lead key ThinkAdvisor projects like its Neal-Award winning reporting on Ken Fisher, Luminaries awards program and Women in Wealth newsletter.
