Envestnet and Nationwide Form Strategic Alliance to Deliver Retirement Income Solutions

The innovative and integrated solutions will provide fee-based advisors with an
avenue to help their clients address the concerns of securing lifetime income
CHICAGO--(Business Wire)--
Today`s investors are worried. Worried about the market, their job security, and
about outliving their savings. With approximately 77 - 82 million baby boomers
who have entered or are nearing retirement1, the opportunity is ripe for the
independent financial advisor to counsel an increasingly anxious group of
investors looking for reassurance that their life`s savings will be available to
them when they need it most.

To help address this need, Envestnet, a leading provider of wealth advisory
solutions to more than 10,000 financial advisors, and Nationwide, one of the
largest insurance and financial services companies in the country, have created
a strategic alliance to deliver powerful income solutions to meet the growing
challenges experienced by today`s investing consumer. The two companies bring
together their collective experiences of investment management and creating
guaranteed income solutions to offer products that can help increase an
investor`s income potential while reducing portfolio income risk.

"We`re excited to be working with Nationwide, a solid insurance company and
leader in providing financial security to consumers," said Eric Fowler, senior
vice president of Product Development at Envestnet. "Through our partnership
with Nationwide, we are enhancing our retirement income services for advisors to
help them provide appropriate solutions for their clients in and through a very
challenging environment."

With the alliance between the Companies come the Nationwide Portfolio
Innovatorsm and Nationwide Income Architectsm Annuity - both scheduled to be
released early in the second quarter of 2009.

The Nationwide Portfolio Innovator, an individual, supplemental, immediate fixed
income annuity contract, is an income guarantee product issued by Nationwide
Life Insurance Company. Nationwide Portfolio Innovator is a stand-alone living
benefit that provides a distinct way to create guaranteed lifetime income. This
distinctive income insurance guarantee will be available for select proprietary
investment solutions through Portfolio Management Consultants, the investment
arm of Envestnet. It is designed to provide lifetime income withdrawals from the
account.

The Nationwide Income Architect is a variable annuity, issued by Nationwide Life
Insurance Company, with a built-in five percent guaranteed lifetime withdrawal
benefit designed to complement fee-based managed account advisors` business
models. This investment product will be available through the Envestnet Platform
as an individual offering and as an option within a new retirement strategy that
Envestnet is scheduled to launch later this month.

"In these unprecedented economic times consumers are looking for any sliver of
certainty when it comes to their retirement income portfolio," said Eric
Henderson, senior vice president of Individual Investments for Nationwide
Financial. "Our partnership with Envestnet will allow us to provide income
guarantees clients are in need of and can depend on that can be easily
implemented into any financial advisor`s practice. It`s a valuable option that
can enhance the retirement income strategy investment professionals are
currently providing to their clients."

When evaluating the purchase of a variable annuity, investors should be aware
that variable annuities are long-term investment vehicles designed for
retirement purposes and will fluctuate in value; annuities have limitations; and
investing involves market risk, including possible loss of principal; a
guaranteed minimum withdrawal benefit is an optional rider that is available on
certain variable annuity contracts for an additional fee; all guarantees and
protections are subject to the claims-paying ability of the issuing company.

Nationwide`s variable products are sold by prospectus.The product prospectus and
underlying fund prospectuses can be obtained by writing to Nationwide Life
Insurance Company, P.O. Box 182021, Columbus, Ohio 43218-2021. More information
on the funds, contained in the PMC Select Portfolios, can be found in the fund`s
prospectus.A copy of the PMC Funds prospectus can be found at www.investpmc.com
or by calling 1-888-612-9300.Carefully consider the investment objectives,
risks, fees and expenses of any mutual fund carefully before investing.
Prospectuses contain this and other important information that investors should
read carefully before investing.

Foreside Fund Services, LLC is the distributor of the PMC Funds.

The Nationwide Income Architectsm Annuity, an individual, flexible, deferred
variable annuity is issued by Nationwide Life Insurance Company, Columbus, Ohio,
a member of Nationwide Financial.

The Nationwide Portfolio Innovatorsm Annuity, an individual supplemental
immediate fixed income annuity is issued by Nationwide Life Insurance Company,
Columbus, Ohio, a member of Nationwide Financial. The prospectus for Nationwide
Portfolio Innovator is available at
https://ssc.nwservicecenter.com/pros/PortfolioInnovatorProspectus.pdf.

Nationwide doesn`t endorse any investment model or strategy used by the investor
and/or contract owner. Nationwide is not affiliated with any third party that
may be authorized by the contract owner to direct allocations, including
Envestnet and its affiliates.

Insurance products are offered by Nationwide and are recommended and sold by
registered representatives. Envestnet Asset Management, Inc. (Envestnet)
provides administrative and technology services in conjunction with insurance
products. Envestnet does not provide any advice or make any solicitations,
offers or recommendations with respect to insurance products.

About Envestnet Asset Management

Envestnet is an advisor`s gateway for expert wealth advisory solutions. Through
a unified technology platform, the company offers a broad range of investment
products as well as fee-based services and solutions that include extensive
reporting capabilities and front-, middle-, and back-office administrative tools
to the independent financial advisor.

Envestnet delivers unparalleled practice and portfolio management support,
empowering advisors to create customized investment solutions that are able to
meet their clients` unique investment needs. We leverage the expertise of
leading asset managers and defined asset allocation strategies as well as offer
financial advisors ongoing investment manager research and portfolio monitoring
provided by PMC, the investment consultancy arm of Envestnet.

Our proprietary technology platform is geared towards reducing administrative
demands as well as providing tools and resources to help advisors spend more
time focusing on important client relationships.

Envestnet is headquartered in Chicago with offices in Denver, Los Angeles, New
York, Silicon Valley and Trivandrum, India. The firm has over $70 billion in
total assets served and more than 650,000 investor accounts.*

* Data includes assets under management, administration and licensing
arrangements as of 12/31/2008

About Nationwide

Nationwide, based in Columbus, Ohio, provides a full range of insurance and
financial services, including auto, motorcycle, boat, homeowners, life, farm,
commercial insurance, administrative services, annuities, mortgages, mutual
funds, pensions, long-term savings plans and health and productivity services.
For more information, visit www.nationwide.com.

The general distributor for variable annuity contracts is Nationwide Investment
Services Corporation (NISC), member FINRA. In MI Only: Nationwide Investment
Svcs. Corporation.

Nationwide, the Nationwide Framemark and On Your Side are federally registered
service marks of Nationwide Mutual Insurance Company. Nationwide Portfolio
Innovator and Nationwide Income Architect are service marks of Nationwide Mutual
Insurance Company.

1 "Profiles of General Demographic Characteristics: 2000," U.S. Department of
Census and "Baby Boomer Segmentation: Eight is Enough," by Doug Anderson and
Laurel Kennedy, Consumer Insight Magazine, Fall/Winter 2006, page 6

VAN-0127AO

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Envestnet Asset Management
Todd Miller, 203-378-1152, ext. 149
or
Nationwide
Jeff Whetzel, 614-249-6354
whetzej@nationwide.com

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