Fee-Based Managed Account Service
Nationwide ProAccount is a professionally managed account service offered through Nationwide Investment Advisors, LLC (NIA). The ProAccount service features investment professionals who create and maintain a personalized retirement strategy for your account using the Savings Plus core investment fund lineup. NIA has hired Wilshire Associates (Wilshire) as the independent financial expert to develop and maintain the ProAccount portfolios.
A fee is charged for this service, as follows:
- 0.55% for the first $99,999.99
- 0.50% for the next $150,000 in account value
- 0.45% for the next $150,000 in account value
- 0.40% for the next $100,000
- 0.35% for assets of $500,000 and above
For example, the fee assessed on an account with an average balance of $10,000 would be $50 per year, $12.50 charged on a quarterly basis.
Keep in mind that investing involves market risk, including possible loss of principal. NIA, a Nationwide affiliate, is an SEC registered investment adviser.