Hello, I must be going: Revolving door spins quickly at Nationwide

After seven months on the job, Hilsheimer leaves post as president of retirement unit
FEB 03, 2013
Nationwide Financial Inc. veteran Larry Hilsheimer abruptly announced his departure today as head of the insurer's retirement plan business. John Carter, previously president of Nationwide's sales arm, NFS Distributors Inc., will be stepping in. Mr. Hilsheimer was relatively new to the job, holding the post for only seven months before leaving to “pursue other interests,” according to the carrier. Neither Mr. Hilsheimer nor Mr. Carter was available for comment. Spokesman Dace de la Foret said there was no information on Mr. Hilsheimer's last day at the firm.

Latest News

Has Corient expanded again with another international acquisition?
Has Corient expanded again with another international acquisition?

Wealth management firm has seen an aggressive period of growth in the past year.

AI spending in asset management tops $100m as agent adoption stalls
AI spending in asset management tops $100m as agent adoption stalls

Survey reveals widening gap between investment ambition and workforce readiness across the sector

Newsom wants nationwide billionaires tax as presidential bid may loom on the horizon
Newsom wants nationwide billionaires tax as presidential bid may loom on the horizon

“It’s time for an economic reset,” wrote the California governor, in a post on X.

Maryland regulators spank fledgling art-focused RIA Masterworks over registration snafus
Maryland regulators spank fledgling art-focused RIA Masterworks over registration snafus

Masterworks was launched in 2017 but its RIA, Masterworks Advisers, is just three years old.

Investors allege Miami operator took over $1.5 million in EB-5 scheme
Investors allege Miami operator took over $1.5 million in EB-5 scheme

One 2017 form, no broker license, and a $42 million gap they say surfaced on a webinar.

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income

SPONSORED Why direct indexing stopped being optional

Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.