Nationwide Completes Acquisition of Jefferson National

March 1, 2017

Commits to preserving and supporting existing structure and teams.

Nationwide has completed its previously announced acquisition of Jefferson National, an industry-leading distributor of tax-advantaged investing solutions for registered investment advisors (RIAs), fee-based advisors and the clients they serve.

Jefferson National is now a wholly-owned subsidiary of Nationwide. The transaction increases each organization’s ability to serve more partners and members in the ways they prefer to do business. Jefferson National is transitioning to the Nationwide brand.

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

The current leadership will remain intact and the companies expect no changes to the sales and service experience.

“Our vision of building a distribution company that is singularly focused on the unique needs of RIAs and fee-based advisors has truly changed industry perceptions, created a new category of product, and provides a tremendous engine for growth going forward,” noted Mitchell H. Caplan, Jefferson National chief executive officer. “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.”

The transaction was reviewed by state and federal regulators and required approvals were obtained.

Deloitte Corporate Finance LLC and Eversheds Sutherland (US) LLP served as the financial and legal advisors for Nationwide in connection with the transaction. Raymond James & Associates and Sidley Austin LLP served as the financial and legal advisors for Jefferson National.


Jefferson National is a recognized innovator of a leading tax-advantaged investing platform for RIAs, fee-based advisors and the clients they serve. Trusted partner to a network of over 4,000 advisors, Jefferson National provides greater efficiency, transparency and choice through an adaptable technology platform, award-winning distribution strategy and cost-effective servicing capabilities. Named the industry “Gold Standard” and winner of more than 50 industry awards, including the DMA 2010 Financial Services Company of the Year. The company serves advisors and clients nationwide, through its subsidiaries Jefferson National Life Insurance Company and Jefferson National Life Insurance Company of New York. To reach our advisor support desk, please call 1-866-WHY-FLAT (1-866-949-3528). To learn more, please visit


Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the U.S. and is rated A+ by both A.M. Best and Standard & Poor’s. The company provides a full range of insurance and financial services, including auto, commercial, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; banking and mortgages; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit

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