San Francisco, August 1, 2012 – Aria Retirement Solutions (Aria), a premier provider of guaranteed retirement income solutions for Registered Investment Advisors (RIAs), today announced that it has made several funds from Dimensional Fund Advisors (DFA) eligible for use with the RetireOne Transamerica fixed contingent annuity guaranteed income product.
The DFA funds added to the eligible assets of RetireOne Transamerica include DFA Large Cap Value (DFUVX), DFA US Small Cap Value (DFSVX), DFA International Value (DFVIX), DFA Emerging Markets Value (DFEVX) and DFA Emerging Markets Core (DFCEX). There are currently 27 DFA funds available for use with RetireOne Transamerica, which is an investment vehicle that allows advisors to purchase DFA mutual funds for clients and add an income guarantee. The income guarantee is based on the claims paying ability of Transamerica Advisors Life Insurance Company.
“We are pleased to expand the universe of eligible mutual funds and ETFs that advisors can use with RetireOne to wrap an income guarantee around a portfolio of assets that they actively manage,” said David Stone, Chief Executive Officer of Aria Retirement Solutions. “We will continue to build out our line-up of RIA-preferred funds to help advisors provide their clients with low-cost access to guaranteed income products.”
The Aria Solution
Aria’s RetireOne Transamerica is part of a new generation of retirement income products that allow RIAs to:
• Wrap a low-cost income guarantee around an open architecture portfolio of mutual funds and ETFs managed by advisors
• Eliminate the commissions and surrender charges associated with other lifetime income products
• Provide open access to more than 125 mutual funds and ETFs from several fund families, including American Funds, iShares, PIMCO, Vanguard, and DFA
“RetireOne Transamerica was built to help address one of the biggest challenges advisors face today – shifting from accumulating assets to generating income for clients as they move into retirement,” said Stone. “And it was done in a way that makes sense for a fee-only practice—providing commission-free retirement income protection for clients while enabling advisors to manage assets and maintain control.”
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 San Francisco, 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 Advisor Center. Securities offered through Protected Investors of America, member FINRA/SIPC.