Nationwide Financial Services Inc. has added an asset allocation service to its living benefit feature for certain variable annuities.[@@]
Clients who use the Capital Preservation Plus Lifetime Income feature can now access the Nationwide Allocation Architect, a program that will help them match their risk tolerance to their investment goals.
Additional enhancements to CPPLI include the option of taking an immediate withdrawal of up to 6% during an annuity’s capital-preservation phase.
Nationwide has partnered with Ibbotson Associates Advisors LLC to provide an investor profiling tool, asset allocation models and investment option selections that make up the Nationwide Asset Allocation Architect models.