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"The situation we find ourselves in with the market is impacting advisors and their clients in major ways and we're hearing about it daily." --David Lau
LOUISVILLE, KY, March 25, 2020 /24-7PressRelease/ -- DPL Financial Partners ("DPL"), the leading insurance network for registered investment advisors ("RIAs"), today announced that it will make its turnkey insurance management platform free to non-member advisors during the current financial crisis. The decision comes in response to a surge in requests from clients asking advisors for help protecting their retirement savings from the extreme coronavirus-related market moves of the last few weeks.
"The situation we find ourselves in with the market is impacting advisors and their clients in major ways and we're hearing about it daily from our members as well as consumers calling us directly," said David Lau, Founder and CEO of DPL. "Sequence of returns risk is a real threat to retirees - both financially and emotionally - and annuities are uniquely suited to address this. Given that so many RIA clients are in investments-only portfolios, they have been especially hard hit by this financial crisis. Driven by demand from their clients, many advisors have reached out for principal protection and secure income options right now. Our mission at DPL, above all else, is to help provide secure retirements for Americans and as such, will be foregoing our normal service fees to help RIAs find the commission-free insurance products their clients are now seeking."
Lau also said their advisors are reporting that they have lost assets to insurance brokers and agents selling their clients annuities in response to the crisis. DPL's move empowers fiduciary advisors to provide low-cost, commission-free versions of these solutions, and the firm will provide additional support to advisors—both current members and those taking advantage of this new initiative--in a number of ways including via a weekly webinar series on annuities for principal protection and secure income starting next week.
More than 800 RIA firms representing nearly 3,000 advisors have joined the DPL network to access its commission-free annuities, life insurance and consulting team. The offer is good for advisors who are not current DPL members. These advisors can access DPL's services free of charge beginning immediately until June 1, 2020.
To take advantage of the opportunity, advisors should call 1-888-327-0049 or contact the firm via its website, dplfp.com.
DPL Financial Partners is the first and leading RIA turnkey insurance management platform that brings commission-free insurance solutions from a variety of the nation's top carriers to RIA practices. DPL has created a marketplace of no-load insurance products that enables RIAs to incorporate insurance and annuities into their practice to more holistically serve their clients. Clients benefit from products with improved pricing and fiduciary implementation rather than a commissioned, sales-driven one. www.dplfp.com
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