Nationwide To Acquire Jefferson National
September 30, 2016 by John Hilton
Nationwide’s acquisition of Jefferson National, a blockbuster deal announced this morning, gives the venerable company an opening in the fee-only advisor space.
The acquisition will expand Nationwide’s ability to sell financial service products through Jefferson National’s network of RIAs and fee-based advisors, Nationwide said in a news release.
Nationwide has been rocketing up the fixed annuity sales board in recent years. In the most recent sales figures, from the second quarter 2016, the company came in sixth place with $1.5 billion in year-to-date indexed annuity sales, according to Wink’s Sales & Market Report.
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