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Friday, February 19, 2010

Nationwide IDs Consultant

Reported by InvestmentWires Staff, 

Nationwide Mutual Insurance Company tapped Beacon Hill Fund Services for management and consulting services in connection with the conversion of its mutual fund accounting, administration and transfer agency services. The conversion was completed in the fourth quarter of last year.
Company Press Release

COLUMBUS, OH -- 02/18/10 -- Beacon Hill Fund Services, Inc. is pleased to announce they were selected by Nationwide Mutual Insurance Company (Nationwide) to provide Management and Consulting services to them in conjunction with the conversion of its mutual fund accounting, administration and transfer agency services which were successfully completed during the fourth quarter of 2009.

"Beacon Hill represents a company with specific industry expertise in many areas of the mutual fund business, as well as a broad-based understanding of operational and administrative areas of mutual fund management. In order to complete our mutual fund servicing conversion and maintain the highest standards of financial integrity and reporting, we felt Beacon Hill's services were essential to help achieve our desired results," said Michael S. Spangler, President of Nationwide Investment Management Group, Investment Adviser and Manager of the Nationwide Mutual Funds and the Nationwide Variable Insurance Trust.

Beacon Hill is a provider of independent, proactive and transparent business management, consulting and support services to the investment management industry and its regulated investment company products. Beacon Hill specializes in serving as Principal Underwriter and Distributor; providing experienced industry personnel to serve as Fund Chief Compliance Officer and Chief Financial Officer (CFO/Treasurer); and providing business management, compliance, and regulatory oversight for regulated investment company products (mutual funds and variable insurance/annuity funds, registered hedge funds and exchange traded funds).

For more information on Beacon Hill Fund Services, Inc., visit www.b-hill.com.

The Nationwide Mutual Funds and the Nationwide Variable Insurance Trust are the mutual fund and variable annuity products of Nationwide Funds Group. Nationwide Funds Group is part of the financial services and investment management group of Nationwide Mutual Insurance Company, a Fortune 500 company providing diversified insurance and financial services. As of December 31, 2009, Nationwide Funds Group managed approximately $40 billion in total assets represented over 90 investment portfolios.
 

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