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Nationwide Investment Advisors Review

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Nationwide Investment Advisors, LLC

Nationwide Investment Advisors is an investment management and financial advisory firm with its headquarters in Columbus, Ohio. The firm is an arm of Nationwide Life Insurance Co., one of the most prominent insurance companies in the U.S. Nationwide also offers banking and loan services.

Nationwide Investment Advisors is quite a large firm, as it has billions in assets under management and a massive team of financial advisors. While it provides clients with investment management services, it does not offer much in terms of financial planning. The firm principally works with individual clients.

Nationwide Investment Advisors Background

Nationwide Investment Advisors was officially formed in 2006 as a limited liability company. The firm is a wholly owned subsidiary of Nationwide Life Insurance Co., which is, in turn, wholly owned by Nationwide Financial. Nationwide Corporation is the owner of Nationwide Financial, while also being the holding company for companies under the Nationwide Mutual Insurance Company umbrella.

Nationwide Investment Advisors employs hundreds of advisors, many of whom hold financial certifications.

Nationwide Investment Advisors Client Types and Minimum Account Sizes

Nationwide Investment Advisors works mainly with individual clients, all of which do not have a high net worth. Of its over 226,000 clients, all are individuals, aside from a handful of pension and profit-sharing plans.

This firm has no minimum account size requirements for new clients.

Services Offered by Nationwide Investment Advisors

Nationwide Investment Advisors provides its clients with discretionary investment advisory services. Some of these services are provided to plan sponsors and participants of employee benefit plans. Nationwide also contracts with outside companies to provide investment advising, such as the development and management of model portfolios known as "ProAccount."

Nationwide Investment Advisors Investment Philosophy

Nationwide Investment Advisors works with a huge range of clients, many of which simply participate in model portfolios selected by third-party advisory contractors. As a result, this firm does not have a set, detailed investment philosophy as many other firms do. That said, the firm still looks to take note of a client's particular investment situation, making proper recommendations based off of their personal information.

As a result of the above, Nationwide's portfolios may include investments from across a wide range of securities and other products. Investments typically vary by portfolio type and strategy.

Fees Under Nationwide Investment Advisors

Nationwide Investment Advisors charges different fees depending on the level and type of service it provides. Non-discretionary services are typically rolled into other programs and do not incur a separate fee.

The maximum annual fee for its Advice Program for Plan Sponsors of Trustee-Directed Retirement Plans is 0.50%. On the other hand, there is a 0.02% maximum annual fee for non-discretionary investment advice for governmental plan sponsors. The ProAccount in the Nationwide Retirement Program has a maximum annual fee of 1.00%, whereas ProAccount for government and institutional plans carries a maximum annual fee of 0.65%.

What To Watch Out For

Nationwide Investment Advisors has a single disclosure listed on its SEC-filed Form ADV. This disclosure came as a result of a violation of SEC Rule 22C-1, which sets forth the regulations surrounding the processing of purchase and redemption orders for variable insurance contracts. In 2011, the firm was fined $8 million and ordered to cease and desist.

Opening an Account With Nationwide Investment Advisors

Those interested in learning more about Nationwide Investment Advisors' services can call (614) 435-8371.

All information is accurate as of the writing of this article.

Tips for Finding the Right Financial Advisor

  • Investing to build your retirement savings can be difficult, but you don't have to go at it alone. A financial advisor can be a fantastic resource as you navigate this landscape, and finding one doesn't have to be hard. SmartAsset’s free tool matches you with financial advisors in your area in five minutes. Get started now.
  • When researching a financial advisor firm to work with, there is no document that's more important than the firm's Form ADV. Check out SmartAsset's guide to Form ADV to learn how this resource can help you figure out if an advisor is right for you.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research