COLUMBUS, Ohio, March 4 /PRNewswire/ -- Nationwide Financial, the
country's leading provider of small-business retirement plans(A), further
demonstrated its commitment to fiduciary education recently when approximately
40 company employees were awarded the Accredited Investment Fiduciary
Audit(TM) designation from the Center for Fiduciary Studies (Center). The
company was the first to require the accreditation of its entire field staff.
The Center is a nationally-recognized training organization for
fiduciaries. The Accredited Investment Fiduciary Audit (AIFA) designation
certifies financial services professionals to conduct investment fiduciary
audits and reviews, examining investment practices to ensure that processes
are prudent and meet fiduciary practice standards of care.
"As a recognized leader in retirement plan management and distribution for
America's growing businesses, we are dedicated to educating retirement plan
sponsors about fiduciary responsibility and best practices," said Michael
Butler, senior vice president of Nationwide Financial Services Distributors
Inc. "Earning this designation is another important way for our specialists to
enhance their knowledge and skills so they can better help investment
professionals, third-party administrators and plan sponsors put in place and
maintain appropriate retirement programs for employees."
Nationwide Financial has been innovative in providing fiduciary tools for
its investment professional and plan sponsor partners. In early 2001, the
company introduced its The BEST of AMERICA(R) Fiduciary World Series(SM)
program, which offers a guide, online tools and training materials designed to
assist in investment selection and monitoring and fulfilling key fiduciary
responsibilities. The company plans to extend the training as an option for
members of its third-party administrator network.
"We are impressed with the way Nationwide Financial has approached
fiduciary issues," said Don Trone, director of the Center for Fiduciary
Studies. "The company's innovative approach to accreditation for their entire
field staff will be a model for the industry. Today, more than ever before, we
need knowledgeable people working in the retirement plan industry and
Nationwide Financial clearly understands this."
About the Center for Fiduciary Studies
The Center for Fiduciary Studies is the first full-time training and
research facility for fiduciaries. The Center, associated with the University
of Pittsburgh Katz Graduate School of Business, teaches fiduciary standards of
care and investment best practices designed for trustees and investment
professionals. Courses are offered throughout the year at two locations: the
University of Pittsburgh and Stetson University's Celebration Campus in
Orlando, Florida. Customized training is also provided to individual
organizations on a case-by-case basis.
About Nationwide Financial
Nationwide Financial Services, Inc. (NYSE: NFS), based in Columbus, is a
leading provider of annuities, life insurance, retirement plans, and other
financial services for individuals and institutional clients. The major
operating subsidiary of NFS is Nationwide Life Insurance Company, one of the
country's largest life insurers.
Nationwide Financial, with assets under management of more than
$96 billion in 2002, is the retirement savings and income operation of
Nationwide, a leading provider of diversified insurance and financial
services. The parent company is ranked No. 136 on the Fortune 500 based on
revenue. For more information about Nationwide Financial
visit www.nationwidefinancial.com .
(A) Plan Sponsor magazine May 2002 (based on number of recordkeeping plan
* The BEST of AMERICA(R) Fiduciary World Series(SM) is made possible by
Nationwide(R) Financial Services, Inc. and is under copyright
protection. The materials are designed for exclusive use with
Nationwide products, programs and services.
* The BEST of AMERICA Fiduciary World Series is general in nature and is
not intended to constitute legal or investment advice on any particular
matter. Neither Nationwide nor any of its representatives provide tax
or legal advice. The BEST of AMERICA Fiduciary World Series is not for
* The BEST of AMERICA(R) Group Retirement Series includes unregistered
group fixed and variable annuities and trust programs. Unregistered
group fixed and variable annuities are issued by Nationwide Life
Insurance Company, Columbus, Ohio.
* Program and trust services are offered by Nationwide Trust Company, FSB.
Nationwide Investment Services Corporation, member NASD. In MI only:
Nationwide Investment Svcs. Corporation.
* Nationwide(R) is a federally-registered service mark of Nationwide
Mutual Insurance Company. The BEST of AMERICA(R) is a federally
registered service mark of Nationwide Life Insurance Company. The BEST
of AMERICA Fiduciary World Series(SM) is a service mark of Nationwide
Life Insurance Company.
SOURCE Nationwide Financial Services, Inc.