DPL Financial Partners Secures Additional Growth Capital as Platform Annuity Sales Surpass $1 Billion

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

“These two numbers — nearly $2 billion in no-fee insurance products traded on the platform and $20 million in new growth capital from two financial services visionaries — tell the same story,” David said. Lau, founder and CEO of DPL. “It’s the story of an industry that is slowly but surely moving towards a new distribution paradigm that puts investors first through the elimination of sales commissions. We welcome the continued support of our investors and are excited to accelerate our pace of innovation and growth.

Two West Advisors is one of the RIA companies leveraging DPL’s commission-free solutions and discovery tools. “In working with DPL, our company takes a truly fiduciary approach to finding the best solutions for each client,” said Vern Cushenbery, CIO, Two West Advisors. “By removing commissions from annuities, there is no conflict of interest, no difference in our compensation model. DPL has turned what was a product into a tool and that is making a big difference in how we serve our customers and grow our business.”

The new funding will support DPL’s continued technology development. The company is actively expanding its suite of product discovery and comparison tools that allow advisors to compare a range of commission-free annuity products from leading insurers. Additionally, DPL will continue to expand its team, which has grown 50% in the last nine months alone, to meet member growth and demand from advisors and consumers seeking annuity solutions.

“DPL’s turnkey platform improves the efficiency of insurance asset management, giving financial advisors greater access to annuity products and the benefits they provide to clients,” said Todd Boehly, President- managing director of Eldridge. “Our latest investment reflects DPL’s strong performance to date and supports the continued expansion of their valuable market infrastructure.”

“Atlas is delighted to support David and the DPL leadership team as they lead a technology-driven transformation of annuity and insurance distribution,” said Bob Diamond, Founder and CEO of Atlas. MerchantCapital. “Recent successes are a testament to the power of DPL’s leadership and business model and also underscore the need to disrupt the way insurance products are sold in the marketplace. We look forward to supporting our partnership with DPL to facilitate continued growth and enable additional investment in technology and talent. »

DPL’s platform now serves an RIA base of over 3,500 businesses, including 1,900 businesses connected through Advent Insurance Marketplace Powered by DPL on the Black Diamond Wealth Management platform. There, advisors can set up and manage annuities and other investments directly on one of the most popular desktop applications on the market.

About DPL Financial Partners

DPL Financial Partners is the leading commission-free insurance marketplace offering solutions from a variety of the nation’s top carriers to Registered Investment Advisors (RIAs) and their clients. DPL’s products, proprietary tools and integrated technology enable RIAs to integrate insurance and annuities into their practices to serve their clients more holistically. Customers benefit from products that offer competitive pricing and fiduciary implementation rather than commissioned, sales-driven products. www.dplfp.com

About Eldridge

Eldridge invests in companies in the insurance, asset management, technology, mobility, sports and gaming, media and music, real estate and consumer sectors. The company seeks to build and grow businesses led by proven management teams who have demonstrated leadership and experience to scale a business. Eldridge is headquartered in Greenwich, Connecticut, with additional offices in Beverly Hills, New York and London. To learn more about Eldridge, please visit www.eldridge.com.

About Atlas Merchant Capital

Atlas Merchant Capital LLC was founded to participate in exciting market opportunities in the financial services industry. Based in New York and London, Atlas Merchant Capital was founded by Bob Diamond and David Schamis, who together with their partners form a complementary partnership with extensive operating and investing expertise in the merchant landscape. financial services. Further information is available at www.atlasmerchantcapital.com.

Sallie R. Loera