Jefferson National has beefed up its Monument Advisor variable annuity with a slew of new alternative investment options. The annuity now offers more than 65 tax-deferred alternative investment funds, the most of any variable annuity, Jefferson National touted in an announcement today.

The flat-fee annuity adds investment options from new money management firms and expands the number of options from existing asset managers. With the new funds, the annuity offers “more tactical solutions, innovative ETF portfolios, hedging and other risk management techniques” than any other variable annuity, according to Jefferson National.

The new fund additions come as advisors clamor for more tax-efficient alternative asset classes and alternative strategies.  “Our surveys show that nearly two-thirds of advisors think alternatives will become more important than traditional asset classes,” Laurence Greenberg, president of Jefferson National, said in a statement.

The annuity will be the first and only annuity to offer alternative investment options from BFP Capital Management, W.E. Donoghue and Hatteras Funds. From BFP Capital, the annuity adds the BCM Decathlon series of three ETF-based strategies that “provide clients with a unique, tactical global allocation investment program,” according to Jefferson National.  The three funds are BCM Decathlon Conservative, BCM Decathlon Moderate, and BCM Decathlon Aggressive.

The annuity will also be the “first and only” variable annuity to offer W.E. Donoghue & Co.’s Power Income VIT, a diversified portfolio of income-producing high-yield fixed income securities.  And on June 15, 2012, it will be the first and only variable annuity to offer the Hatteras Alpha Hedged Strategies Fund, “a daily liquid, fully transparent fund of funds offering exposure to multiple heldge fund managers and multiple hedge fund strategies,” said Jefferson National.

The annuity has also expanded its list of alternative investment options from a handful of market managers.  The new investment options are from Invesco, Legg Mason, Jansu, Fidelity and Wilshire Funds Management.