Columbus, Ohio (April 8, 2003) - Further cozying its relationship with the financial services giant, the American Institute of CPAs said it is endorsing Nationwide Financial as a preferred provider of retirement savings plans for CPA clients.

Under the endorsement agreement, the AICPA receives compensation from Nationwide Life Insurance Company and Nationwide Trust Company, FSB.

In January, the AICPA chose Nationwide as the exclusive provider of two qualified retirement programs for its member firms and their employees.

Last May, the company invested $7.5 million in the AICPA’s struggling Web portal, CPA2Biz, in exchange for positioning as a preferred provider of 401(k) products and services for the portal’s 18 Capital Professional Advisor companies. At the time, CapPro was a wholly-owned subsidiary of CPA2Biz. CapPro left CPA2Biz to form an independent venture in November.

-- Electronic Accountant Newswire Staff

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