Jefferson National Partners with Quovo to Provide RIAs and Fee-Based Advisors with High Quality Data Aggregation for Tax-Advantaged Investing
October 20, 2015, Louisville, KY – Jefferson National, recognized innovator of a leading tax-advantaged investing platform for Registered Investment Advisors (RIAs), fee-based advisors and the clients they serve, has announced a partnership with Quovo, the leading data science company that addresses the needs of the wealth management industry.
By creating a direct data feed for Jefferson National’s Monument Advisor on the Quovo platform, the partnership allows RIAs and fee-based advisors to aggregate tax-deferred assets alongside taxable vehicles to provide more holistic financial advice. Jefferson National’s Monument Advisor, the industry’s first1 and only Flat-Fee2 Investment-Only Variable Annuity (IOVA) with more than 350 underlying funds, is a transparent no-load tax-advantaged investing platform used by more than 3,000 RIAs and fee-based advisors nationwide. Quovo, a customizable technology platform that helps advisors synchronize with thousands of financial institutions to verify, validate and reconcile data, has more than $700 Billion in assets on its platform, and is projected to reach over a trillion by next year.
“Using the Quovo platform with Jefferson National’s Monument Advisor creates a one-stop solution to view taxable and tax-deferred portfolios side by side, helping RIAs and fee-based advisors to manage more holistically, provide more transparency—and ultimately develop stronger relationships with their clients,” said Laurence Greenberg, President of Jefferson National. “The new partnership will also help advisors using Quovo and Jefferson National to interpret big data with more accurate analytics to create greater value for their practice.”
“We are delighted to team up with Jefferson National to bring high quality data from their tax-advantaged investments to the Quovo platform,” said Lowell Putnam, Co-Founder and CEO of Quovo. “Through this new partnership, we can help Jefferson National empower advisors with data-driven insights on their clients' accounts.”
The partnership also provides seamless reporting capabilities and advanced analytics to help advisors using Monument Advisor on the Quovo platform to cut costs, create operational efficiencies and optimize client’s portfolios.
Quovo is an innovative financial data science company that addresses the needs of the wealth management industry. Quovo offers an enterprise-grade data management platform that empowers financial advisers, financial institutions, and adviser-technology providers, to more intelligently aggregate, extract, manage, and analyze financial portfolio data. Quovo's full-stack platform not only provides the essential backbone for aggregation and business intelligence analytics but also offers dashboard tools to make complex data insights intuitive. For more information, please visit www.quovo.com.
1Mogel, Gary S. (2005, June 6), Flat-fee variable annuity makes its debut. Investment News. Retrieved from http://www.investmentnews.com/article/20050606/SUB/506060708
2Jefferson National’s Monument Advisor has a $20 monthly flat insurance fee. Additional low-cost fund platform fees ranging from .10% - .35% will be assessed for investors wishing to purchase shares of low-cost funds. See the prospectus for details. Certain low-cost funds may only be available to you if you retain certain investment advisors.