Jefferson National Partners with Cetera Financial Group® to Supply Tax-Advantaged Investing Solution to One of the Nation’s Largest Networks of Independent Broker DealersCetera's Financial Advisors and Financial Institutions Have Ability to Leverage Industry’s First Flat-Fee Investment-Only VA to Create Client Value and Enhance their Fee-Based Practice
Louisville, KY— July 11, 2016— Jefferson National has partnered with Cetera Financial Group (“Cetera”)*, a leading network of independent broker-dealers, to supply its leading tax-advantaged investing solution to the financial advisors and financial institutions across the country supported by Cetera's member firms. Now financial advisors and institutions served by Cetera will have a new choice for tax-smart investing to optimize clients’ portfolios. Jefferson National’s Monument Advisor is the industry’s first Flat-Fee Investment-Only Variable Annuity (IOVA) with nearly 380 investment options, including more than 70 alternatives—the industry’s most underlying funds and the most liquid alternatives utilizing strategies like those favored by hedge funds and elite institutional investors.
“Cetera is a powerhouse among independent broker dealers and we are excited by the tremendous opportunity of our new alliance, built on a shared commitment to meeting the unique needs of fee-based advisors and their clients with transparency, choice and greater value,” said Mitchell H. Caplan, CEO of Jefferson National. “Both Jefferson National and Cetera Financial Group have been longstanding partners to many advisors and institutions who seek to provide top quality advice through a fee-based model. Now, with the DOL fiduciary rule at the forefront of our industry, we will continue to serve a growing number of financial advisors and their clients with an innovative tax-advantaged investing solution that is built to fit the way fee-based advisors work.”
“We're proud of our industry-leading open architecture investment solutions platform, which brings together the top asset managers and financial products in the industry, once they pass a very robust due diligence process. We're always identifying the highest quality investment solutions that best help our advisors and institutions in their mission to support the financial goals of their clients. With its unique flat-fee, the industry’s most funds and most alternatives, Jefferson National’s Monument Advisor is not just another VA product—it’s an innovative category of tax-advantaged investing solution that meet our advisors’ needs to help maximize the value of tax deferral while building and growing a successful fee-based practice,” said Larry Roth, CEO of Cetera Financial Group.
Jefferson National’s tax-advantaged investing solution can potentially enhance the performance of many tax-inefficient assets and strategies that generate ordinary income and short term capital gains, such as fixed income, REITs, actively managed funds and many high-turnover liquid alternatives. Research confirms that tax-deferral can potentially increase returns by an average of 100 basis points—without increasing risk. In addition, with Monument Advisor now available on the Cetera platform, the fee-based advisors of Cetera Financial Group can provide more holistic financial advice by managing tax-deferred assets alongside taxable vehicles.
About Cetera Financial Group
Cetera Financial Group® ("Cetera") is a leading network of independent retail broker-dealers empowering the delivery of objective financial advice to individuals, families and company retirement plans across the country through trusted financial advisors and financial institutions. Cetera is the second-largest independent financial advisor network in the nation by number of advisors, as well as a leading provider of retail services to the investment programs of banks and credit unions.
Through its multiple distinct firms, Cetera offers independent and institutions-based advisors the benefits of a large, established broker-dealer and registered investment adviser, while serving advisors and institutions in a way that is customized to their needs and aspirations. Advisor support resources offered through Cetera include award-winning wealth management and advisory platforms, comprehensive broker-dealer and registered investment adviser services, practice management support and innovative technology. For more information, visit www.ceterafinancialgroup.com.