Nationwide Offers Advisors Morningstar Tools for Plan Sponsor Clients

Nationwide is partnering with Morningstar Retirement to help financial advisors meet plan participants’ needs.

Financial advisors who work with institutional and governmental retirement plan clients can now tap Morningstar Retirement’s advisor managed accounts service through Nationwide, to deliver advice and savings strategies in an easy, accessible way, Nationwide announced recently.

Four in 10 participants struggle with understanding how much they’ll need to save to reach their retirement goals, according to Nationwide Retirement Institute. With advisor managed accounts, participants will receive personalized retirement strategies, generated by Morningstar Retirement’s engine and methodologies, the firm added.

These strategies will be packaged with each plan advisor’s expertise and consultation to build customized portfolios, according to Nationwide.

“Managed Accounts are designed to help participants feel confident that they have the right strategies in place when it comes to saving and investing for retirement,” Craig Hawley, Nationwide senior vice president of Retirement Solutions Sales, said. “Through this collaboration with Morningstar Retirement, we’re able to offer a service that combines the best of both worlds: personalized advice and professional management from a trusted advisor and our award-winning service. This service exemplifies our commitment to supporting financial professionals as they service and grow their plans.”