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Rating:PIMCO Picks Retirement Income Partners Not Rated 5.0 Email Routing List Email & Route  Print Print
Friday, June 21, 2013

PIMCO Picks Retirement Income Partners

Reported by Tommy Fernandez

Pimco [profile] has partnered with Aria Retirement Solutions and Transamerica to unveil a new retirement income product that will combine PIMCO investment products with a lifetime income guarantee offered by Transamerica. The product will be offered on Aria's platform to advisors.

Moreover, the Aria and PIMCO have partnered on a marketing initiative to educate RIAs on the product.

“For asset-based fee-only financial advisors, guaranteed retirement-income options have been few and far between,” stated David Stone, Chief Executive Officer of AriaRetirement Solutions. “PIMCO’s time-tested investment process and innovation have put them at the forefront of the in Stone. “But RIAs now manage more than $1 trillion in client assets and they want solutions that fit their business.”

The lifetime income guarantee is backed by the claims paying ability of Transamerica Advisors Life Insurance Company. Annuities issued by Transamerica Advisors Life Insurance Company, Little Rock, AR.

Here is the press release:
Company Press Release

Aria Retirement Solutions and PIMCO Collaborate on a Unique Retirement Income Solution



San Francisco – June 19, 2013 – Aria Retirement Solutions and PIMCO, a global investment management firm, today announced a new marketing collaboration intended to educate Registered Investment Advisors (RIAs) about a retirement income solution that pairs investment and insurance products utilizing Aria’s technology platform to help meet income planning needs over the course of a retiree’s life.

RIAs are looking for innovative ways to introduce retirement income that fit with the asset-based fee-only model.  Aria is leveraging its technology platform and knowledge of guaranteed retirement income to harness the global investment management expertise of PIMCO.  Aria’s technology platform facilitates the pairing of a lifetime income guarantee with some of PIMCO’s most popular products – outside of the traditional variable annuity structure.

“We are excited to be working with PIMCO to fill a growing market gap for the unique needs of RIAs and their clients,” said David Stone, Chief Executive Officer of AriaRetirement Solutions. “PIMCO’s time-tested investment process and innovation have put them at the forefront of the industry as a provider of investment solutions across all asset classes.”

 “PIMCO is focused on using its global macroeconomic insights, to find the best investment and income opportunities for investors, while also managing downside risk,” said Tom Streiff, Executive Vice President and Retirement Solutions Manager at PIMCO, based in New York.

The Right Time to Address Guaranteed Retirement Income 

Demand for a new generation of guaranteed retirement income has increased in recent years, as the nation’s 76 million baby boomers enter retirement in greater numbers and with greater uncertainty. A new “Retirement Confidence” survey by the Employee Benefit Research Institute found record low confidence among Americans in their ability to afford a comfortable retirement. This new retirement reality – driven by reduced pensions and Social Security, historic low yields, the threat of long-term inflation, market volatility and growing concerns about outliving assets – is forcing advisors and investors to find new ways to secure a lifetime of income.

“For asset-based fee-only financial advisors, guaranteed retirement-income options have been few and far between,” said Stone. “But RIAs now manage more than $1 trillion in client assets and they want solutions that fit their business.”

The lifetime income guarantee is backed by the claims paying ability of Transamerica Advisors Life Insurance Company. Annuities issued by Transamerica Advisors Life Insurance Company, Little Rock, AR.

"We are excited to combine our proven guaranteed income underwriting skills with the asset management expertise of PIMCO in order to bring an innovative retirement income solution to clients of registered investment advisors,” said Dave Paulsen, Chief Executive Officer of Transamerica Capital, Inc.  “Through Aria's patent-pending platform technology and sales/support services, RIAs can now refer appropriate clients to a lifetime income solution derived by pairing an insurance guarantee with a portfolio of PIMCO products managed by the RIA."

??About Aria Retirement Solutions

?Aria Retirement Solutions (Aria) provides a new generation of guaranteed retirement income solutions to clients of 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.

About PIMCO

?PIMCO is a global investment management firm that was founded in Southern California in 1971. The firm serves an array of clients and manages retirement and other assets that reach more than 8 million people in the U.S. and millions more around the world. Its clients include state, municipal, union and private sector pension and retirement plans, educational, foundations, endowments, philanthropic and healthcare institutions, individual and investment saving accounts, public sector reserve management and other public entities in North and South America, Europe, the Middle East and Asia.

PIMCO has more than 2,000 employees. In addition to its headquarters in Newport Beach, California, the firm has offices in Amsterdam, Hong Kong, London, Milan, Munich, New York City, Singapore, Sydney, Tokyo, Toronto, Rio de Janeiro and Zurich.

PIMCO is owned by Allianz S.E., a global diversified financial services provider.

About Transamerica

?The Transamerica companies offer a wide array of innovative financial services and products with a common purpose:  to help individuals, families, and businesses build, protect and preserve their hard-earned assets.  With more than a century of experience, we have built a solid reputation on solid management, sound decisions and consumer confidence.  For more information, visit www.transamerica.com.  

About Transamerica Capital, Inc.

?Transamerica Capital, Inc. is the underwriting and wholesaling broker/dealer for annuities issued by Transamerica Advisors Life Insurance Company.  These companies are part of the Aegon Group.  Transamerica Capital, Inc. works with financial professionals at wirehouse, regional, independent, and bank firms to provide a variety of insurance and investment needs.

Transamerica Advisors Life Insurance Company has filed a registration statement (including a prospectus) with the SEC for the offering of an income guarantee to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-877-575-ARIA (2742).

PIMCO does not offer insurance guaranteed products or products that offer investments containing both securities and insurance features. PIMCO is a separate and unaffiliated company from Aria Retirement Solutions and Transamerica Capital, Inc. 
 

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