Investor Relations
About Us
Investor Relations
 Press Release
U.S. Media Contact+1 312 696-6383
Margaret Kirch Cohenmargaret.cohen@morningstar.com
Nationwide® Retirement Solutions and Morningstar Associates to Launch Retirement Advice Initiative for 8,200 Public Sector Plan Sponsors

CHICAGO, Jan 24, 2002 – Morningstar ClearFutureSM first online education and advice tool in public sector to be available to all plan participants nationwide

Columbus, Ohio and Chicago ù Nationwide Retirement Solutions, Inc. and Morningstar Associates, LLC today announced they will launch a retirement education and advice initiative this summer for Nationwide's 8,200 public sector retirement plan sponsors serving 1.5 million participants. 

The relationship between Nationwide Retirement Solutions, a subsidiary of Nationwide Financial (NYSE: NFS), and Morningstar Associates, LLC, a wholly owned subsidiary of Morningstar, Inc., will provide public sector plan sponsors and their participants free access to Morningstar® ClearFuture'sSM personalized online investment education and guidance tool. This tool will be coupled with enhanced educational materials and customer service support from Nationwide Retirement Solutions. Participants also may subscribe to ClearFuture'sSM enhanced customized retirement advice service for an additional charge. 

"Public sector employees deserve access to cutting-edge education and advice to help manage their retirement plan assets," said Karen Eisenbach, senior vice president with Nationwide Retirement Solutions. "We are committed to lead the industry in participant education. Morningstar's strong investment and research capabilities add to Nationwide Retirement Solutions' education capabilities. Together, we provide an answer to public sector plan sponsors' desires to best serve their plan participants."

"Our agreement with Nationwide Retirement Solutions combines the top retirement provider in the public sector deferred compensation market with the top investment education, retirement advice research provider," said John Rekenthaler, president of online advice for Morningstar Associates. "Both Nationwide Retirement Solutions and Morningstar want to make it easy for people to plan for and reach their retirement goals, and we are both focused on providing innovative tools and outstanding customer service. The combination of our two companies translates into tremendous value for public sector retirement plan programs."

The first online tool of the new initiative, Morningstar® ClearFutureSM, will be available to all Nationwide Retirement Solutions' public sector participants this summer. This will be offered in conjunction with Nationwide Retirement Solutions' service support and education materials. The companies intend to expand their offerings to other advice and education initiatives after the initial launch of ClearFutureSM

Morningstar® ClearFutureSM, currently available to more than 15,000 corporate retirement plans throughout the United States, is an online investment education, research, asset allocation, and advice service for all levels of investors. The tool, which takes about 20 minutes to complete, gathers detailed financial information from participants to provide investment suggestions for their deferred compensation plans. It offers personalized goal planning, takes into account outside assets, offers retirement income analysis and includes an advanced "bear market simulator."

ClearFutureSM also provides participants with access to Morningstar's Research Lab and Learning Station. The Research Lab includes reports on specific investment options and quarterly reports to provide more in-depth investment information. The Learning Station provides additional articles and interactive tools to build upon Nationwide Retirement Solutions' leading educational offerings.

Already a major provider of education to the public sector, Nationwide Retirement Solutions entered into this relationship to give its current and future public sector retirement plan participants access to Morningstar's educational support, personalized online retirement planning advice tools, industry-leading proprietary investment research and the simplicity of Morningstar's customized approach to independent investment advice. 

About Nationwide Retirement Solutions
Nationwide Retirement Solutions is the Nationwide Financial subsidiary that provides investments, education and administrative service solutions for the public sector and nonpublic sector serving 1.5 million state, county, and municipal employees across the country. The company (formerly PEBSCO) has been a leader in deferred compensation products and services to the public sector for nearly 30 years. For more information about Nationwide Retirement Solutions, visit www.nrsforu.com

Nationwide Financial Services, Inc. (NYSE: NFS), based in Columbus, Ohio, is a leading provider of annuities, life insurance, retirement plans, mutual funds, and other financial services for individuals and institutional clients. 

With assets under management of $111 billion in 2000, Nationwide Financial is the retirement savings and income operation of Nationwide, a leading provider of diversified insurance and financial services. The parent company is ranked #127 on the Fortune 500 based on assetsFor more information about Nationwide Financial visit www.nationwidefinancial.com

About Morningstar
Chicago-based Morningstar, Inc. is a global investment research firm offering an extensive line of print, software, and Internet-based products and services for individuals, financial advisors, institutions, and the media. The company is a trusted source for investment information, data, and analysis of stocks, mutual funds, exchange-traded funds, closed-end funds, and variable annuity/life subaccounts. 

Morningstar® ClearFutureSM is provided by Morningstar Associates, LLC, a registered investment adviser and a wholly owned subsidiary of Morningstar, Inc.

Morningstar.com, Morningstar's investment Web site, is listed among the top investing sites by publications such as The Wall Street JournalBarron'sMoneyWorth, and U.S. News & World Report. Morningstar provides investment information for a number of leading Web sites, including Microsoft MoneyCentral, Quicken.com, America Online, Yahoo! Finance, and Netscape Personal Finance. For more information about Morningstar, visit www.morningstar.com.

 Printer-friendly version
SEC Filings
Annual Reports
Earnings Releases
Calendar of Events
Analyst Coverage
Corporate Governance
Investor Communications
Investor Questions
Stock Information
Safe Harbor Provision
Investor Relations Contacts
News and SEC Filing Alerts
Request an investor information kit 
© Morningstar. All rights reserved.