Products June 21, 2010

OneFiduciary Group Partners with Shepherd Kaplan

As of June 1, 2010, OneFiduciary Group has joined forces with Shepherd Kaplan, LLC, an independent fiduciary.
Reported by

A press release said both companies could deliver an enhanced level of investment thought leadership and fiduciary protection by joining forces. OneFiduciary will now be able to provide clients with enhanced and additional services that were not formerly available.    

In addition, its technology and investment analytics will be upgraded to an industry leading standard, according to the announcement.   

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Together, the firms will have more than $4 billion in assets under management, and 39 employees, including 16 investment professionals.    

Shepherd Kaplan assists corporate and institutional clients in prudently managing their fiduciary responsibilities, providing each client with a set of resources to oversee portfolio design, investment research, investment monitoring, and cost control issues. In addition, the firm provides an educational curriculum for board members and plan participants.   

More information about OneFiduciary Group is at http://www.onefiduciary.com, and more information about Shepherd Kaplan is at http://www.sk-llc.com.
Products June 21, 2010

Nationwide Increases Annuity Payouts

Nationwide Financial Services, Inc is now providing enhancements to its variable annuity lineup. 
Reported by

The changes include increased client payouts for the optional Nationwide Lifetime Income Rider (Nationwide L.inc) and a new B-share variable annuity, Nationwide Destination B, the company said.

Nationwide recently announced that, due to recovering financial markets, it is increasing payout percentages for Nationwide L.inc for new contracts issued on or after May 1, 2010 with certain age restrictions.

The changes include:

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  • Increase from 5% to 5.25% for ages 65-80
  • Increase from 6% to 6.25% for ages 81+

“Many consumers are worried about the rising cost of health care, inflation and the possibility of outliving their assets,” said Eric Henderson, senior vice president of Individual Investments for Nationwide Financial. “Our recent enhancements to Nationwide L.inc provide an even higher level of guaranteed income to help advisers meet the needs of clients who are looking for a competitive living benefit that can provide a guaranteed stream of income in retirement.”

Nationwide Destination B is part of the Nationwide Destination Series, a single share class lineup of annuities designed to streamline the company’s annuity platform.

More information is at  www.nationwide.com.

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