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Jefferson National Partners with CAPTRUST to Launch New Institutional Investment Strategies

Leading Tax-Deferred Investing Solution for RIAs and Fee-Based Advisors First to Offer Dynamic Allocation Models Powered by CAPTRUSTs Industry Leading Institutional Research

Jefferson National, a recognized innovator of tax-deferred investing solutions for Registered Investment Advisors (RIAs) and fee-based advisors, has launched five new dynamic allocation models powered by CAPTRUST’s institutional quality research. CAPTRUST is a leading investment advisory firm known for its disciplined approach, with $72 billion in client assets1 and 25 years of proven performance. This partnership marks the first time that models powered by CAPTRUST are available within a variable annuity—another industry first for Jefferson National’s Monument Advisor , the first flat-fee variable annuity2 with 9x more funds than the typical VA3. By integrating these models in their flat-fee VA, Jefferson National gives independent RIAs and fee-based advisors unprecedented access to institutional quality research, asset allocation strategies and proprietary manager selection from CAPTRUST.

“To help RIAs and fee-based advisors balance the challenges of managing their practice and adding greater value for clients in today’s tough markets, Jefferson National has partnered with CAPTRUST to leverage the expertise of an industry leader,” said Laurence Greenberg, President, Jefferson National. “Whether an advisor chooses to manage assets for their clients, or utilize an outside manager, now they can give clients’ portfolios a distinct edge with allocation models that benefit from CAPTRUST’s institutional quality research.”

“We are delighted that Jefferson National selected CAPTRUST to design models for the new asset allocation program in Monument Advisor,” said Fielding Miller, Chief Executive Officer of CAPTRUST. “The combination of our proprietary asset allocation and investment manager research and their flat-fee annuity creates a powerful solution for investors. This new relationship is a real endorsement of the research platform we have built over the past two decades.”

Available to investors only through RIAs and/or broker dealers in Jefferson National’s Monument Advisor Flat-Fee VA, these new dynamic asset allocation models were designed by CAPTRUST to address investors’ financial goals and risk tolerance. These models seek to generate superior risk-adjusted returns through portfolio construction, tactical asset allocation, and investment manager selection. Understanding that the majority of portfolio returns are generated through asset allocation, CAPTRUST applies a top-down, tactical view to various asset classes in the models. Once the tactical asset allocation is established, CAPTRUST conducts “boots on the ground” proprietary, bottom-up investment manager selection with quantitative and qualitative analysis to make recommendations to Jefferson National.

These new asset allocation models powered by CAPTRUST utilize Jefferson National’s comprehensive lineup of more than 380 tax-deferred funds across a broad range of categories, featuring more than 65 Alternative Investment funds, 60 Fixed Income funds, over 60 Asset Allocation funds, more than 35 International Equity funds and over 190 US Equity funds. Jefferson National’s flat fee VA also provides access to more than 46 different money managers, and the variable annuity industry’s most subaccounts with the 5 star and 4 star Morningstar Rating™ for three consecutive years4.

While tactically managed portfolios can produce short-term capital gains, research has shown that a low-cost tax-deferred vehicle can improve performance potential of tax-inefficient management strategies and asset classes by as much as 100 bps—without increasing risk5.


CAPTRUST is an independently owned retirement advisory firm providing fiduciary and retirement advice to institutional investors, retirement plan fiduciaries, executives, and high net-worth individuals. Over the last 25 years, CAPTRUST has grown from an entrepreneurial start-up to one of the nation’s leading retirement advisory firms. Headquartered in Raleigh, N.C., the firm represents over $73 billion in Client assets with offices/advisors in Alabama, California, Florida, Georgia, Iowa, Kansas, North Carolina, Maine, Minnesota, Mississippi, Ohio, Pennsylvania, Texas, Virginia and Washington, DC.

About Jefferson National Financial Corp.

Jefferson National Financial Corp. is a leading innovator offering products and services for RIAs and fee-based advisors and the clients they serve, utilizing a flexible technology platform, highly efficient operations, and cost-effective servicing capabilities. Jefferson National is winner of more than 30 industry awards including the DMA 2010 Financial Services Company of the Year.6 Serving a network of more than 1,700 RIAs and fee-based advisors nationwide, the Company is based in Louisville, KY and domiciled in Dallas, Texas with authority in 49 states and the District of Columbia. To reach our advisor support desk, please call 1-866-WHY-FLAT (1-866-949-3528). To learn more, please visit

Important Disclosure

An investor should carefully consider the investment objectives, risks, charges and expenses of the investment before investing or sending money.  The contract prospectus and underlying fund prospectuses contain this information. For a prospectus containing this and additional information, please contact your financial professional (add hyperlink?).  Read it carefully before investing. The summary of product features is not intended to be all-inclusive.  Restrictions may apply.  The contracts have exclusions and limitations, and may not be available in all states or at all times.

Variable annuities are investments subject to market fluctuation and risk, including possible loss of principal. Your units, when you make a withdrawal or surrender, may be worth more or less than your original investment. Variable annuities are long-term investments to help you meet retirement and other long-range goals. Withdrawal of tax-deferred accumulations are subject to ordinary income tax. Withdrawals made prior to age 59 ½ may incur a 10% IRS tax penalty. Jefferson National does not offer tax advice. Annuities are not deposits or obligations of, or guaranteed by any bank, nor are they FDIC insured. Monument Advisor is issued by Jefferson National Life Insurance Company (Dallas, TX) and distributed by Jefferson National Securities Corporation, FINRA member. Policy series JNL-2300-1, JNL-2300-2. JNF Advisors, an affiliate of Jefferson National, is the sponsor of the Allocation Model Program, and has engaged a third party, CAPTRUST, to provide asset allocation and investment manager research for the JNL Model Portfolios.

1 As of 03/31/12
2 Jefferson National’s Monument Advisor has a $20 monthly flat insurance fee. Additional fees ranging from $19.99-$49.99 will be assessed for investors wishing to purchase shares of ultra low-cost funds. See the prospectus for details.
3 Morningstar data as of 12/31/11.
4 Morningstar data as of 08/15/11
5 The Tax-Efficient Frontier: Improving the Efficient Frontier with the Power of Tax Deferral, David Lau, Jefferson National, 2010.
6 Jefferson National was reviewed by the Direct Marketing Association, including a panel of independent judges and industry peers, and won for re-engineering the traditional commission-based distribution model and replacing it with an unprecedented web-based direct marketing approach.




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