Aria Retirement Solutions, a San Francisco-based provider of guaranteed retirement income services, has received a $4m investment from Polaris Venture Partners.
The company intends to use the funds to expand its tech platform for independent RIAs.
Led by David Stone, Founder and CEO, Aria recently introduced the first in a series of RetireOne guaranteed income solutions, which are designed specifically to let Registered Investment Advisors control and actively manage investments on behalf of their clients.
RetireOne Transamerica is based on a stand-alone living benefit (SALB) product design.
This fixed contingent annuity provides the benefits of a guaranteed income insurance product centered around traditional investment vehicles such as no-load mutual funds and exchange-traded funds (ETFs) offered from fund families, including American Funds, iShares, PIMCO, Vanguard, and Schwab. The product is underwritten by Transamerica Advisors Life Insurance Company.
FinSMEs
03/02/2012
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About Aria Retirement Solutions
Aria Retirement Solutions (Aria) provides a new generation of guaranteed retirement income solutions to independent Registered Investment Advisors (RIAs) operating fee-only practices. Headquartered in , Aria was founded by veteran executives from such industry-leading firms as Charles Schwab and Fidelity, with the shared vision of building a cutting-edge platform focused exclusively on fee-only RIAs. Recognizing the need that effective asset management must balance an aggressive strategy with the need to protect client assets, the Aria executive team developed a platform to support both objectives as RIAs shift portfolio strategy for clients from asset accumulation to income distribution. Through its open, multi-provider platform, Aria gives fee-based RIAs greater control of underlying assets backed with fully licensed sales and advisor support through the Louisville, Ky.-based Aria Retirement Solutions Advisor Support Center. Securities offered through Protected Investors of America, member FINRA/SIPC.