Jefferson National Expands Industry鈥檚 Largest Tax-Deferred ...
NEW YORK & LOUISVILLE, Ky.--(BUSINESS WIRE)--Jefferson National's Monument Advisor, the first and only variable annuity with a flat-insurance fee, has now added institutional class funds to its supermarket of more than 170 tax-deferred funds—the industry's largest, with four times more funds than the typical VA1. With the addition of these ultra-low cost funds, Monument Advisor is now uniquely positioned to better serve the growing market of fee-based and fee-only advisors, a segment which has increased more than 41% in four years to reach $2.2 trillion in assets under management as of 20062.
"Jefferson National does for tax-deferred investing what Charles Schwab has done on the taxable side. We now provide access to institutional class funds on a transaction-fee basis, in addition to the industry's broadest selection of no-load funds without a transaction fee," said Laurence Greenberg, president and CEO of Jefferson National Life Insurance Company.
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