Nationwide Completes to acquire Jefferson National.

Nationwide Completes, diversified insurance and financial services organization, to acquire Jefferson National, that provides a leading tax-advantaged investing platform. Financial terms were not disclosed. “Our vision of building a distribution company that is singularly focused on the unique needs of RIAs and fee-based advisors has truly changed industry perceptions, created a new category of product, and provides a tremendous engine for growth going forward. Nationwide has emphasized that they love what we do, and they want to learn from us and the way we do business with RIAs and fee-based advisors. Together, we’ll have an opportunity to leverage Nationwide’s financial strength and ratings, and offer a far greater range of value-added products and services along the way.” Mitchell H. Caplan, Jefferson National chief executive officer.