Nationwide Financial Offers Access to Retail Mutual Funds Through Bank Distribution

Customers gain access to global asset management



Apr 26, 2001, 01:00 ET from Nationwide Financial Services, Inc.

    COLUMBUS, Ohio, April 26 /PRNewswire/ -- Nationwide Financial (NYSE:   NFS)
 announced today that it will offer access to retail mutual funds through its
 bank distribution channel, complementing Nationwide Financial's other
 financial services and insurance products.
     "Offering mutual funds fits into our focus of providing multiple-solutions
 strategies," said Matt Riebel, president of Nationwide Financial Distribution
 Agency, Inc., the division of Nationwide Financial that provides long-term
 savings products to banks. "We can better meet our customer's needs, while
 providing our bank clients with access to a top-notch global asset management
 team."
     Villanova Capital, the U.S.-based asset management arm of Nationwide
 Financial, serves as investment advisor to the Nationwide Family of Funds,
 which are offered by Nationwide Advisory Services. The company works in
 partnership with Gartmore Investment Management plc (Gartmore), its London,
 UK-based affiliate, to provide investors around the globe with product
 solutions designed to help them realize their financial goals. Gartmore was
 acquired by Nationwide Mutual in May 2000.
     Earlier this month, Villanova and Gartmore announced the appointment of
 Peter Chambers as Global Chief Investment Officer of their newly combined
 investment divisions, a move that results in access to expanded investment
 resources for both organizations.
     "Our U.S. team now has access to more than 120 investment professionals in
 London, Glasgow and Tokyo, who bring global expertise to our product line,"
 said James Donatell, Executive Vice President of Product Development and
 Distribution for Villanova. "We're pleased to be able to provide this global
 capability to Nationwide's bank clients."
     By adding access to mutual funds, Nationwide Financial is building upon
 its strength as the second leading provider of variable annuities through
 banks.(1) Nationwide Financial's broad focus helps bank partners meet more of
 their customers' needs. Beyond mutual funds and variable annuities, Nationwide
 Financial offers bank clients access to life insurance, fixed annuities,
 pensions, offshore products and immediate annuities. Nationwide Financial sold
 $3.1 billion through more than 350 banks throughout the country in 2000.(2)
     Nationwide Financial Services, Inc. (NYSE:   NFS), based in Columbus, is a
 leading provider of annuities, life insurance, retirement plans, mutual funds,
 and other financial services for individuals and institutional clients.  Its
 principal holding, Nationwide Life Insurance Company, is among the country's
 10 largest life insurers.(3)
     Nationwide Financial, with assets under management of $111 billion in
 2000, is the retirement savings and income operation of Nationwide, a leading
 provider of diversified insurance and financial services.  The parent company
 is ranked #127 on the Fortune 500. For more information about Nationwide
 Financial visit www.nationwidefinancial.com .
     Products other than mutual funds are issued by Nationwide Life Insurance
 Company or Nationwide Life and Annuity Insurance Company. The general
 distributor is Nationwide Investment Services Corporation, member NASD. In
 Michigan only, Nationwide Investment Svcs. Corporation. For more information
 about these specific products, including all charges and expenses, please
 consult a prospectus. Prospectuses can be obtained by writing to Nationwide
 Life Insurance Company, P.O. Box 16609, Columbus, OH 43218-6609. Please read
 the prospectus carefully before investing.
     Mutual funds and variable annuities are subject to market risk, including
 possible loss of principal.
 
     (1) Ken Kehrer Report - 4th Qtr 2000
     (2) Nationwide Financial Annual Report 12/31/2000
     (3) A.M. Best, based on 9/30/00 assets
 
     Further information on Villanova Capital and Nationwide Family of Funds is
 available on http://www.nationwidefunds.com .
     The information presented in this press release is not intended to be a
 solicitation to purchase or offer to sell the named securities.  Such offer to
 sell or solicitation to purchase may be made by prospectus only.  To obtain a
 prospectus or for more complete information on the Nationwide Family of Funds,
 including specific risk factors, charges and expenses, please call
 1-800-848-0920. Read the prospectus carefully before investing or sending
 money.
     Securities offered through Nationwide Advisory Services, Inc., member
 NASD.
 
 

SOURCE Nationwide Financial Services, Inc.
    COLUMBUS, Ohio, April 26 /PRNewswire/ -- Nationwide Financial (NYSE:   NFS)
 announced today that it will offer access to retail mutual funds through its
 bank distribution channel, complementing Nationwide Financial's other
 financial services and insurance products.
     "Offering mutual funds fits into our focus of providing multiple-solutions
 strategies," said Matt Riebel, president of Nationwide Financial Distribution
 Agency, Inc., the division of Nationwide Financial that provides long-term
 savings products to banks. "We can better meet our customer's needs, while
 providing our bank clients with access to a top-notch global asset management
 team."
     Villanova Capital, the U.S.-based asset management arm of Nationwide
 Financial, serves as investment advisor to the Nationwide Family of Funds,
 which are offered by Nationwide Advisory Services. The company works in
 partnership with Gartmore Investment Management plc (Gartmore), its London,
 UK-based affiliate, to provide investors around the globe with product
 solutions designed to help them realize their financial goals. Gartmore was
 acquired by Nationwide Mutual in May 2000.
     Earlier this month, Villanova and Gartmore announced the appointment of
 Peter Chambers as Global Chief Investment Officer of their newly combined
 investment divisions, a move that results in access to expanded investment
 resources for both organizations.
     "Our U.S. team now has access to more than 120 investment professionals in
 London, Glasgow and Tokyo, who bring global expertise to our product line,"
 said James Donatell, Executive Vice President of Product Development and
 Distribution for Villanova. "We're pleased to be able to provide this global
 capability to Nationwide's bank clients."
     By adding access to mutual funds, Nationwide Financial is building upon
 its strength as the second leading provider of variable annuities through
 banks.(1) Nationwide Financial's broad focus helps bank partners meet more of
 their customers' needs. Beyond mutual funds and variable annuities, Nationwide
 Financial offers bank clients access to life insurance, fixed annuities,
 pensions, offshore products and immediate annuities. Nationwide Financial sold
 $3.1 billion through more than 350 banks throughout the country in 2000.(2)
     Nationwide Financial Services, Inc. (NYSE:   NFS), based in Columbus, is a
 leading provider of annuities, life insurance, retirement plans, mutual funds,
 and other financial services for individuals and institutional clients.  Its
 principal holding, Nationwide Life Insurance Company, is among the country's
 10 largest life insurers.(3)
     Nationwide Financial, with assets under management of $111 billion in
 2000, is the retirement savings and income operation of Nationwide, a leading
 provider of diversified insurance and financial services.  The parent company
 is ranked #127 on the Fortune 500. For more information about Nationwide
 Financial visit www.nationwidefinancial.com .
     Products other than mutual funds are issued by Nationwide Life Insurance
 Company or Nationwide Life and Annuity Insurance Company. The general
 distributor is Nationwide Investment Services Corporation, member NASD. In
 Michigan only, Nationwide Investment Svcs. Corporation. For more information
 about these specific products, including all charges and expenses, please
 consult a prospectus. Prospectuses can be obtained by writing to Nationwide
 Life Insurance Company, P.O. Box 16609, Columbus, OH 43218-6609. Please read
 the prospectus carefully before investing.
     Mutual funds and variable annuities are subject to market risk, including
 possible loss of principal.
 
     (1) Ken Kehrer Report - 4th Qtr 2000
     (2) Nationwide Financial Annual Report 12/31/2000
     (3) A.M. Best, based on 9/30/00 assets
 
     Further information on Villanova Capital and Nationwide Family of Funds is
 available on http://www.nationwidefunds.com .
     The information presented in this press release is not intended to be a
 solicitation to purchase or offer to sell the named securities.  Such offer to
 sell or solicitation to purchase may be made by prospectus only.  To obtain a
 prospectus or for more complete information on the Nationwide Family of Funds,
 including specific risk factors, charges and expenses, please call
 1-800-848-0920. Read the prospectus carefully before investing or sending
 money.
     Securities offered through Nationwide Advisory Services, Inc., member
 NASD.
 
 SOURCE  Nationwide Financial Services, Inc.