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Financial Planning > Behavioral Finance

Nationwide Adds Web Tools To Help Advisors Monitor Clients' Accounts

By Allison Bell

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Nationwide Adds Web Tools To Help Advisors Monitor Clients Accounts

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Nationwide Financial Services Inc., Columbus, Ohio, says it is adding Web tools to help financial advisors monitor their clients accounts.

One of the tools, the Fund Alerts tool, will send an advisor an e-mail notice about gains or losses in a variable annuity subaccount.

The advisor can choose the products and funds that the tool will track and decide what percentage of change in value should trigger an alert e-mail.

An advisor is also able to request a list of the clients who are invested in the subaccount.

Tim Lyons, a Nationwide vice president, says the new tool should help advisors manage the holdings of their variable annuity clients more actively and with a minimum of effort.

The tool “will be especially useful given the volatile market conditions we have seen,” Lyon says.

Another tool, the Business Analyzer tool, provides current information about all the Nationwide products that an advisors clients own.

The advisor can control the types of data put in the reports, the level of detail displayed and the formatting, Nationwide says.

An advisor could, for example, use the Business Analyzer tool to create a list of all clients over age 60 with more than $200,000 in assets in any Nationwide Financial product, Nationwide says.

Advisors who want to include Business Analyzer reports in presentations can use a feature that turns the reports into PDF files, according to the company.

Reproduced from National Underwriter Edition, March 3, 2003. Copyright 2003 by The National Underwriter Company in the serial publication. All rights reserved.Copyright in this article as an independent work may be held by the author.

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