Aria Retirement Solutions, which serves a potentially $1 trillion market among RIAs and fee-only advisors with guaranteed income products, has landed a major investment from Polaris Venture Partners, the company announced.
Polaris Venture Partners agreed to make a $4 million investment in Aria Retirement Solutions to help it expand its technology platform for independent advisors. In January, the San Francisco-based Aria introduced the first of its products in a series called RetireOne. The product is a fixed contingent annuity; it assembles a balanced portfolio of no-load mutual funds and ETFs from major companies and combines the portfolio with a guaranteed income insurance contract from Transamerica Advisors Life Insurance.
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