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Nationwide will buy all of the stock of Jefferson National, and Jefferson Nat will become a wholly owned subsidiary of Nationwide. (Photo: iStock)

It looks like the 4,000 registered investment advisors (RIAs) and other advisors affiliated Jefferson National will soon become very familiar with the jingle “Nationwide is on your side.”

On Thursday, Nationwide said it struck a deal to buy the Louisville-based distributor of investment products, such as a flat-fee investment-only variable annuity. Jefferson National has about $4.7 billion in client assets.

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