Jefferson National is teaming up with Trust Company of America to integrate Jefferson National’s Monument Advisor, a flat-fee investment-only variable annuity (IOVA), into TCA’s model-based portfolio management and trading platform. Advisors can now use sleeves to manage multiple models within a single IOVA, develop customized asset allocations linked directly to clients’ accounts, and make multi-account trades online. More NextShares Hit the Market Eaton Vance launched the first exchange traded managed fund, a new fund structure that is a hybrid between an actively managed mutual fund and ETF, in late February to much anticipation. But two more of these funds are coming to market; the Eaton Vance Global Income Builder NextShares (ticker: EVGBC) and Eaton Vance TABS 5-to-15 Year Laddered Municipal Bond NextShares (ticker: EVLMC) begin trading on the Nasdaq Stock Market today. The Global Income Builder NextShares fund will invest in common stocks, income obligations, preferred stock and hybrid securities worldwide. Seniors Embracing Segregation Lest we forget that senior living is big business, the New York Times ran an interesting piece recently highlighting the latest trend in the industry—ethnicity-, religion- and lifestyle-specific communities. Facilities have sprung up catering to groups varying from Catholics, to LGBT community members to ethnic Chinese. And with these communities, come very specific problems. For instance, one center had to petition the city to change its street address because the number 4 is considered unlucky in Chinese culture. READ MORE OF THE DAILY BRIEF |