Morgan Stanley

Morgan Stanley Smith Barney Teams with Nationwide to Launch Select Retirement - A Seamless Investment and Income Management Strategy for Retirees

Jul 28, 2009

Combines the Advantages of a UMA with Lifetime Income Protection

New York —


Morgan Stanley Smith Barney announced today that it has launched Select Retirement, an optional income protection feature that is specially designed to augment the Select UMA® unified managed account program. 

Select Retirement employs a fixed income annuity issued by Nationwide Life Insurance Company (Nationwide) to provide a distinct way to create guaranteed lifetime income from the Select UMA account. 

"We expect that the ability to combine a UMA with access to guaranteed lifetime income will be viewed by our industry as an important step forward," said James J. Tracy, Director of Consulting Group for Morgan Stanley Smith Barney. 

Select Retirement creates an opportunity to offer clients income guarantees that were not previously available for UMAs that include separately managed accounts (SMAs).

"By teaming with Morgan Stanley Smith Barney, we're able to draw upon the collective financial strength and experience of both firms to build an investment and income strategy that Financial Advisors can provide to help clients preparing for or in retirement," said John Carter, president of Nationwide Financial Distributors, Inc.

Before and after activating Select Retirement, eligible investors can use Select UMA to help build assets.  Select UMA provides a selection of diversified asset allocation strategies and the ability to construct portfolios with a mix of separately managed accounts, mutual funds and/or exchange-traded funds (ETFs).

"With Select UMA, investors receive the convenience and efficiencies of a single account that integrates asset allocation, product selection, account administration and performance reporting," said Marc Brookman, Director of Product Development for Morgan Stanley Smith Barney.  He added that investors also can benefit from the personal guidance of their Financial Advisor and the expertise of Morgan Stanley Smith Barney's centralized asset allocation and manager research teams.

"The ability to combine Select Retirement with Select UMA provides Financial Advisors with a powerful program for clients who seek to balance asset growth potential while at the same time eliminating the worst-case scenario of outliving their income," said James J. Tracy.  "This may prove to be an especially helpful strategy for near-retirees and retirees who are hesitant to return to the equities markets at this time."

It's important to understand that the guarantees and protections offered as part of the Select Retirement contract are subject to the claims-paying ability of Nationwide Life Insurance Company and are not backed by Morgan Stanley Smith Barney.  Investing involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved.  Select UMA and Select Retirement are available at an additional cost only to clients of certain Morgan Stanley Smith Barney branch offices.

About Nationwide

Nationwide, based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the U.S. and is rated A+ by A.M. Best.  The company provides a full range of personalized insurance and financial services, including auto insurance, motorcycle, boat, homeowners, life insurance, farm, commercial insurance, administrative services, annuities, mortgages, mutual funds, pensions, long-term savings plans and health and productivity services.  For more information please visit

About Morgan Stanley Smith Barney

Morgan Stanley Smith Barney, a global leader in wealth management, provides access to a wide range of products and services to individuals, businesses and institutions, including brokerage and investment advisory services, financial and wealth planning, credit and lending, cash management, annuities and insurance, retirement and trust.

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,200 offices in 37 countries.  For further information about Morgan Stanley, please visit

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Nationwide has filed a registration statement (including a prospectus) with the SEC for Select Retirement.  The product prospectus can be obtained by writing Nationwide Life Insurance Company, P.O. Box 182021, Columbus, OH  43218-2021, calling 1-877-877-4217 or by visiting  Before you invest, you should read the prospectus in that registration statement and other documents Nationwide has filed with the SEC for more complete information.  You may also get the prospectus and other documents for free by visiting EDGAR on the SEC website at

Select Retirement, an individual, supplemental, immediate fixed income annuity, is issued by Nationwide Life Insurance Company, Columbus, Ohio, a member of Nationwide Financial. Nationwide Investment Services Corporation (NISC) (in Michigan only: Nationwide Investment Svcs. Corporation), member of FINRA, acts as the national distributor of the contract sold through prospectus. NISC does not sell contracts directly to purchasers.

Nationwide and its subsidiaries are not affiliated with Morgan Stanley Smith Barney or any of its subsidiaries.

© 2009 Morgan Stanley Smith Barney. Investments and services offered through Morgan Stanley Smith Barney LLC, member SIPC.

Media Relations Contact: Christy Pollak, 914.225.6827