All Press Releases for July 13, 2021

DPL Financial Partners Surpasses Multiple Growth Milestones Amid Increase in RIA Adoption of Annuities

Insurance fintech details increases in sales, membership and headcount

"The introduction of commission-free annuities is a landmark development for the RIA industry," said DPL Founder and CEO David Lau.

    LOUISVILLE, KY, July 13, 2021 /24-7PressRelease/ -- DPL Financial Partners ("DPL"), the leading turnkey insurance platform for registered investment advisors ("RIAs") and one of the fastest growing fintech companies in the insurance industry, announced significant growth across a number of areas including sales, members, and employees.

DPL's total sales in the first five months of 2021 surpassed the total overall sales in 2020, and are on pace to quadruple 2020 numbers, as advisor adoption of Commission-Free insurance and annuity solutions increases. The number of RIA firms with access to DPL's products and proprietary Product Discovery Tools now exceeds 3,500—a 10x increase in 17 months—including firms who have integrated access to the Advent Insurance Marketplace Powered by DPL on the Black Diamond Wealth Platform.

"The introduction of commission-free annuities is a landmark development for the RIA industry, bringing a whole new set of risk mitigation and accumulation tools to help advisors deliver better client outcomes," said DPL Founder and CEO David Lau. "Annuities deliver important benefits to a retirement plan that no investment product can. As advisors have struggled to create retirement income for their clients, the availability of the products has been incredibly timely. And I think our growth is evidence that these products are needed."

To address its growing membership base, DPL increased its staff in the first quarter, including a doubling of its client-facing team of licensed insurance professionals. The increase in new hires comes as the organization was included on the 2021 Louisville Business First "Best Places to Work in Greater Louisville" list in May.

"We have stayed in front of our growth by having a strong team of consultants ready to help advisors capitalize on Commission-Free products to better serve the needs and desires of their clients," said DPL's COO, Sang Han. "We're proud of our growing team and the 'can-do' culture we've created and maintained as our organization expands."

About DPL Financial Partners
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 Commission-Free insurance products that enables RIAs to incorporate insurance and annuities into their practices to more holistically serve their clients. Clients benefit from products that offer competitive pricing and fiduciary implementation rather than commissioned, sales-driven ones.

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