Nationwide has completed its previously announced acquisition of Jefferson National.
The Louisville-based distributor of investment products is a partner to a network of more than 4,000 advisors and has about $4.7 billion in client assets.
Jefferson National, now a wholly owned subsidiary of Nationwide, is transitioning to the Nationwide brand.
According to Kirt Walker, Nationwide Financial president and chief operating officer, the transaction increases each organization’s ability to serve more partners and members in the ways they prefer to do business.
“This partnership allows for growth in ways that our companies couldn’t have achieved individually and complements our strong brokerage distribution channel.” Walker said in a statement.
The current leadership – which includes Mitchell H. Caplan as Jefferson National CEO – will remain intact and the companies expect no changes to the sales and service experience.