|By Mark Williams, The Columbus Dispatch, Ohio|
"Nationwide Financial has been growing our mutual-fund business for a number of years," said
In addition to home and auto insurance, Nationwide offers an assortment of financial products that include life insurance, annuities and mutual funds, many of which are geared for retirement planning.
About 2 million Americans participate in 33,000 retirement plans that Nationwide offers to employers ranging from small businesses to governments.
Spangler said the new funds will give Nationwide clients more choices in areas such as international-stock funds, small and mid-cap growth funds, and U.S. bond funds. As of
The deal is expected to close this year. Terms were not disclosed.
The sale to Nationwide allows
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|Source:||McClatchy-Tribune Information Services|