The funds are designed to provide exposure to equity growth, protect against market downturns and respond to changing market conditions
Columbus, OH – March 28, 2023 –For the third quarter in a row, Nationwide is the top provider of Advisory annuities, as reported by LIMRA. Now the company is adding a new category of investment options to Nationwide Monument Advisor, the industry’s first flat fee, investment only variable annuity (IOVA), further solidifying Nationwide’s position as the industry leader in the Advisory space. As of today, Monument Advisor is offering two new series of defined outcome funds by Invesco – the Invesco V.I. S&P 500® Buffer Funds and the Invesco V.I. NASDAQ® Buffer Funds.
The Invesco V.I. S&P 500 Buffer Funds and the Invesco V.I. NASDAQ Buffer Funds are designed to provide exposure to equity growth, protect against market downturns and respond to changing market conditions. Invesco will professionally manage the funds, which include an initial 10% buffer providing downside protection against market declines. Each series of investment options will have four funds corresponding to the start of its one-year outcome period.
In addition to providing growth exposure with downside protection, a Nationwide Monument Advisor annuity with the Invesco V.I. S&P 500 Buffer Funds and the Invesco V.I. NASDAQ Buffer Funds can offer tax-efficient flexibility, allowing clients to respond to new market threats and opportunities by moving assets across the funds without tax consequences. They also offer liquidity, transparency and clarity about expected returns and daily valuation information.
“Defined outcome funds can help shield investors from volatile markets like we’re seeing today, allowing them to stay invested without assuming all the downside risks,” said Mike Morrone, vice president of Nationwide Annuity business development. “We’re excited to partner with Invesco to add this new category of investment options to Nationwide’s products, further expanding the breadth of our product lineup.”
“Invesco offers clients the flexibility to invest for their futures with a wide range of investments options,” said Paul Temple, head of retail retirement and third party at Invesco. “We look forward to partnering with Nationwide as they expand their platform to help their advisors demonstrate their value to clients by supporting them through different market cycles.”
Nationwide Advisory Solutions
Nationwide Monument Advisor is offered through Nationwide Advisory Solutions (NAS), formerly known as Jefferson National. NAS is a recognized innovator with a mission to help RIAs and fee-based advisors build their practice by helping their clients potentially accumulate more wealth and reach their financial goals.
For more information on the Invesco V.I. S&P 500 Buffer Funds and the Invesco V.I. NASDAQ Buffer Funds offered through Nationwide Monument Advisor, visit NationwideAdvisory.com or call 866-667-0564.
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States. Nationwide is rated A+ by both A.M. Best and Standard & Poor’s. An industry leader in driving customer-focused innovation, Nationwide provides a full range of insurance and financial services products including auto, business, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com. Follow us on Facebook and Twitter.
 Q3 2022 LIMRA US Individual Annuity Industry Sales Report