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StatementOne Consolidated Reporting Technology Expected To Give Nationwide Financial an Edge...

Industry first is designed to make it easier for financial professionals and clients to do business

September 24, 2002

LAWRENCEVILLE, NJ — Furthering its goal to make it easier for investment professionals and customers to do business, Nationwide Financial will allow inquiry and reporting of Nationwide’s life and annuity products alongside the securities, mutual funds and other investment vehicles already represented in StatementOne’s platform.

Nationwide Financial is the first company to use technology to integrate life products in the StatementOne platform. Through direct feeds, expected to begin in October, Nationwide will provide transactional data on assets for its fixed and variable annuities, variable life, and variable universal life products to StatementOne.

StatementOne provides a web-based platform, used by broker/dealer firms to provide their advisors with timely client account information and performance reports. StatementOne is the industry leader in enterprise data consolidation and web-based portfolio accounting and performance reporting. Nationwide Financial distributes individual annuities, life insurance, and retirement plans through a wholesale distribution network including independent financial planners, national and regional brokerages and pension plan administrators.

“We are looking for opportunities to make the financial professional's and their clients' jobs easier,” said John Keenan, vice president of brokerage life for Nationwide Financial. He went on to say, “Expanding the breadth of assets for consolidation demonstrates Nationwide's commitment to enabling advisors to better manage their clients' assets.”

“This direct relationship with StatementOne and the StatementOne platform for multiple products provide a solution that truly brings value to our representatives,” said Michael C. Butler, senior vice president of NFS Distributors, Inc., who heads up Nationwide's sales through independent financial planners. “Consolidated inquiry and reporting will give them a more holistic view of the client, enabling them to provide better service.”

Greg Pacholski, StatementOne’s president and chief operating officer, said, “We’re excited to be expanding our consolidation footprint to include direct-feed insurance products. We're now getting direct data-feeds for more products than previously available, including variable universal life. Going direct to the product companies provides us with more accurate and more timely data, adding considerable value to our customers' consolidated data mix. It also helps to better position us strategically with both current customers and prospects.”

About Nationwide Financial...

Nationwide Financial Services, Inc. (NYSE: NFS), based in Columbus, Ohio, is a leading provider of annuities, life insurance, retirement plans, and other financial services for individuals and institutional clients. The major operating subsidiary of NFS is Nationwide Life Insurance Company, the country’s seventh-largest insurer. (i)

Nationwide Financial, with assets under management of more than $113 billion in 2001, is the retirement savings and income operation of Nationwide, a leading provider of diversified insurance and financial services. The parent company is ranked No. 136 on the Fortune 500 based on revenue. For more information about Nationwide Financial, visit www.nationwidefinancial.com.

(i) A.M. Best, based on 12/31/01 assets

About StatementOne...

Founded in 1993, StatementOne provides technology solutions to the retail wealth management market. For financial institutions, they consolidate enterprise investment account data in a scalable and accurate way, to power best-of-breed applications used for business planning, analytics, product development, compliance, and CRM. For financial advisors and their clients, they deliver a powerful, yet easy-to-use web-based portfolio accounting and performance reporting solution that enables advisors to provide better and more timely advice. This helps advisors boost top-line revenue while reducing administrative costs, and increases the probability of financial success for both them and their clients.

StatementOne currently manages account data for 43 financial institution clients, representing over one hundred billion dollars in assets, tens of thousands of financial advisors, and millions of investors and individual accounts. Their current clients include independent broker/dealers, banks, credit unions and other financial institutions.

For more information contact StatementOne at marketing@statementone.com.