Articles from DPL Financial Partners

Subhead of release should read: Advisor transitions to RIA model and growing consumer interest in modern annuities drive 200% growth in AUA in 24 months

DPL Financial Partners, the leading platform for commission-free annuities, today announced that it was selected by Indivisible Partners to provide insurance solutions for advisor teams and their clients on the privately-owned independent advisory firm’s wealth platform.

DPL Financial Partners, the leading platform for commission-free annuities, today announced the formation of a strategic advisory board comprised of RIA firm founders, investment officers, insurance directors, and financial advisors who use DPL’s platform to bring annuity and insurance solutions to clients. The group will provide guidance on development of fee-based products, technology, and support to enable RIA usage of annuities and insurance in client portfolios.

DPL Financial Partners, the leading platform for commission-free annuities, today announced the closing of a Series C funding round of $23 million in primary capital. The round was led by Eos Ventures and included participation by TIAA Ventures and other strategic insurance investors.

DPL Financial Partners, the leading platform for commission-free annuities, today announced its live data integration with advisor technology provider Envestnet. The integrated feed allows users on Envestnet’s Wealth Management Platforms for advisors to report on annuity and insurance products on their platforms.

DPL Financial Partners, the leading platform for commission-free annuities, applauds the Department of Labor’s Retirement Security Rule, released today. Among other things, the rule defines who is required to act as a fiduciary when making investment recommendations to retirement investors. DPL Financial Partners CEO David Lau released the following statement:

DPL Financial Partners, the leading platform for commission-free annuities, today announced that it has crossed $2 billion in sales of no-load annuity products. The milestone, spurred by growing adoption among both longtime fee-only advisors and “breakaway” advisors transitioning from brokerage to a fiduciary practice, comes just over one year after the company hit $1 billion in annuity purchases in 2022.

DPL Financial Partners, the leading commission-free insurance platform for RIAs, today announced that it is acquiring AnnuityFix and its affiliated broker-dealer, Johnstone Brokerage Services. The acquisition enhances DPL’s Breakaway Accelerator program, which allows financial advisors to transition their legacy annuity business to a fee-based business model, enabling many to go completely independent. DPL appointed AnnuityFix Founder Grant Johnstone as chief compliance officer and chief legal officer and said the firm’s employees will join DPL.

DPL Financial Partners, the leading insurance platform for registered investment advisors (RIAs), today announced the addition of Corebridge Financial to its carrier lineup with two commission-free Corebridge annuity products geared to fee-only advisors. Corebridge, formerly AIG Life & Retirement, is one of the largest providers of retirement solutions and insurance products in the United States.

DPL Financial Partners (“DPL”) announced today that its two outside investors, Eldridge and Atlas Merchant Capital, have invested an additional $20 million (combined) in the turnkey insurance management platform for registered investment advisors. The new equity commitment coincides with DPL surpassing $1 billion in commission-free annuity purchases by advisors on behalf of their clients. Members also have placed approximately $825 million in commission-free life insurance through DPL.

DPL Financial Partners (“DPL”), the leading turnkey insurance platform for registered investment advisors (“RIAs”), announced the appointment of Tiburon Strategic Advisors and Tiburon CEO Summits Founder and Managing Partner Chip Roame to its board of directors.

DPL Financial Partners (“DPL”), the leading turnkey insurance platform for registered investment advisors (RIAs), announced the introduction of a new and innovative U.S. equity index designed to deliver higher expected returns with lower volatility. The Avantis Barclays Volatility Control (“VC”) Index represents a first for Eduardo Repetto and Pat Keating of Avantis Investors, who created it specifically for the RIA market and the fixed index annuity (FIA) structure. An index account option based on the new index is now available exclusively in Security Benefit Life’s ClearLine Annuity on DPL’s platform for registered investment advisors.

DPL Financial Partners (“DPL”), the leading turnkey insurance platform for registered investment advisors (“RIAs”), today announced the first ever online marketplace for commission-free multi-year guaranteed annuities (“MYGAs”). DPL’s MYGA Marketplace launches with products from four carriers, offering fee-only advisors a range of terms and annual rates for clients seeking a safe, higher-yielding alternative to cash or fixed income.

DPL Financial Partners (“DPL”), the leading turnkey insurance platform for registered investment advisors (“RIAs”), today announced the launch of a unique, commission-free registered index linked annuity (RILA) that combines various levels of protection against market risk during accumulation with guaranteed income options for investors. Currently, Allianz Index Advantage Income ADV℠ Variable Annuity is the only RILA in the advisory market with a guaranteed lifetime withdrawal benefit.

DPL Financial Partners (“DPL”), the leading turnkey insurance platform for registered investment advisors (“RIAs”), released the results of its annual RIA Retirement Planning Survey, which found many advisors still trying to adapt their practices to the realities of this era of low interest rates. While many are struggling with increased risk in client portfolios and the challenges of billing AUM fees on low yielding assets, a growing number of their peers embrace the income and downside protection features offered by annuities to solve these problems. The survey, which polled more than 200 RIAs, measured advisors’ retirement planning attitudes and practices, their understanding of clients’ retirement income concerns & priorities, and their strategies for meeting client income needs.

DPL Financial Partners ("DPL"), the leading turnkey insurance platform for registered investment advisors ("RIAs"), and SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced the official launch of the SS&C Advent Insurance Marketplace Powered by DPL. This first-of-its-kind insurance solution for RIAs is now live and enables advisors to access and manage a wide range of fee-only products directly through the Black Diamond® Wealth Platform and DPL's proprietary Product Discovery Tools.