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Article: Morgan Stanley Smith Barney teams with Nationwide to Launch Select Retirement - A Seamless Investment and Income Management Strategy for Retirees.
- Article from:
- Business Wire
- Article date:
- July 28, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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[R] 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. ...