Aria Retirement Solutions (Aria), a premier provider of guaranteed retirement income solutions, today announced that it has received a significant capital infusion from Boston-based Polaris Venture Partners, a leading investor in seed, early-stage and middle-market businesses.

The $4 million investment will allow Aria to expand its technology platform for independent Registered Investment Advisors. In January, Aria introduced the first in a series of RetireOne guaranteed income solutions. RetireOne solutions are designed specifically to let Registered Investment Advisors control and actively manage investments on behalf of their clients.

"This is an important milestone as we build out our offerings to Registered Investment Advisors," said David Stone, Aria's Founder and CEO. "With this investment, we will continue to broaden our unique cloud-based technology platform, giving advisors real solutions to help clients enjoy a successful retirement by providing a guaranteed income stream."

"Aria's breakthrough technology is a game-changer for the insurance and financial advisory industries," said Polaris Venture Partners general partner Alan Spoon. "Independent Registered Investment Advisors represent one of the fastest growing segments of the financial services industry and our investment in Aria reinforces our commitment to the Registered Investment Advisors segment as it serves the needs of a swelling population of retirees."

"Our advisors want a simple, low-cost way to provide clients with guaranteed retirement income solutions," said Tiya Lim, director of Institutional Advisory Services, Buckingham Asset Management. "This is a great alternative to variable annuities, providing a cleaner solution to help protect retirement income and give clients peace of mind."

With approximately 76 million Baby Boomers entering retirement now and through 2029, the need for a consistent, low cost source of guaranteed retirement income is a growing issue for Americans. Two significant drops in the U.S stock market in the past decade, coupled with declining pensions and uncertainty about Social Security, have left retirees-and those approaching retirement-seeking reliable sources of income.

Aria's first retirement income solution, 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 leading fund families, including American Funds, iShares, PIMCO, Vanguard, and Schwab. The RetireOne Transamerica annuity is underwritten by Transamerica Advisors Life Insurance Company.

Polaris Venture Partners has made investments in several financial services businesses, including Focus Financial Partners, the leading international partnership of independent, fiduciary wealth management firms.

About Polaris Venture Partners

Polaris Venture Partners is a partnership of experienced investors, operating executives and entrepreneurs. The firm's mission is to identify, invest in and partner with seed, early stage and middle-market businesses having exceptional promise, helping them to grow into market-leading companies. Polaris invests in businesses across a number of sectors including technology, consumer services, and life sciences. Past Polaris-backed successes include: Adnexus (acquired by BMS), Advanced Inhalation Research (acquired by Alkermes), Akamai Technologies (AKAM), Allaire (ALLR, acquired by Adobe), Alnylam Pharmaceuticals (ALNY), Asthmatx (acquired by Boston Scientific), Athenix (acquired by Bayer), Glycofi (acquired by Merck), Internet Brands (acquired by Hellman and Friedman), Ironwood (IRWD), LogMeIn (LOGM), Momenta Pharmaceuticals (MNTA), Powersoft (PWRS, acquired by Sybase), Solidworks, and TechTarget (TTGT). Its current portfolio includes notable investments which include: Adimab, Art.com, AscendHealth, Cardlytics, Confluence, e-Rewards, Focus Financial, LegalZoom, LivingProof, MarkMonitor, ShoeDazzle and Quantcast. For more on the firm, its mission and its portfolio companies: http://polarisventures.com.

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 Solutions Advisor Support Center. Securities offered through Protected Investors of America, member FINRA/SIPC.