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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:
- Investment Weekly News
- Article date:
- August 15, 2009
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Morgan Stanley Smith Barney announced 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. Tracy, Director of Consulting Group for Morgan Stanley Smith Barney.
Select Retirement ...