December 19, 2013 13:00 ET

SEI Boosts Presence in Variable Annuity Market With Jefferson National Deal

OAKS, PA--(Marketwired - Dec 19, 2013) - SEI (NASDAQ: SEIC) today announced that it has been selected to provide its range of leading asset allocation solutions for Jefferson National's Monument Advisor, the industry's first and only Flat-Fee Variable Annuity (VA).1

Jefferson National, a market leader in tax-advantaged investing through variable annuities for the growing market of Registered Investment Advisors (RIAs) and fee-based advisors, chose SEI to provide a full open architecture, manager-of-managers investment solution. This includes a suite of six asset allocation portfolios.

SEI's asset allocation process is designed to build well-diversified portfolios that are aligned with a range of investor goals and attitudes toward risk. SEI will be responsible for manager selection, performance monitoring, and risk management, allowing advisors to devote more time and resources to advice and financial planning.

"The investment-only variable annuity sector offers significant growth potential and we are pleased to expand our presence by securing another strategic partnership with a leading provider and recognized innovator in this space," said Richard Knott, Managing Director at SEI. "We believe our VA investment proposition is compellingly different to others in the market and we look forward to developing our relationship with Jefferson National."

"Like SEI, Jefferson National is always in search of best-in-class products, and the combination of their asset allocation portfolios with our flat-fee VA will create a strong value proposition for the advisors that work with both of our firms," said David Lau, COO of Jefferson National. "As a global business with significant reach, SEI offers our advisors unparalleled access to the best institutional fund managers around the world -- and as a leading tax-advantaged VA solution for RIAs and fee-based advisors, we can help advisors manage rising taxes and ongoing volatility to optimize performance."

About SEI
SEI (NASDAQ: SEIC) is a leading global provider of investment processing, fund processing, and investment management business outsourcing solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of September 30, 2013, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $529 billion in mutual fund and pooled or separately managed assets, including $219 billion in assets under management and $310 billion in client assets under administration. For more information, visit

About Jefferson National Financial Corp.
Jefferson National is a recognized innovator of tax-advantaged investing solutions for RIAs, fee-based advisors and the clients they serve. Utilizing a highly flexible technology platform, an innovative distribution strategy, and cost-effective servicing capabilities, the firm has been named the industry "Gold Standard" and is a winner of more than 30 industry awards. Serving a network of 2,500 RIAs and fee-based advisors nationwide, the Company is based in Louisville, Ky., 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 Disclosures:
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. 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 1/2 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, JNL-2300-3.

1Jefferson 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.

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