Insurance Service designed specifically for RIAs
Multiply your team’s expertise by adding our team. DPL is an independent consulting firm that works for RIAs to bring their clients low-cost, commission-free products designed to deliver value and improve financial outcomes. RIA firms add DPL's decades of expertise in order to expand or augment services without expanding staff. Firms we work with believe this enables them to:
- Stop referring clients to outside insurance professionals
- Retain control of their client experience
- Ensure clients are only presented insurance solutions they recommend
- Meet client demand for broader services
- Increase AUM by retaining or bringing in insurance business
Getting started with DPL is simple
If you currently use insurance with your clients
We begin with a review of the products and services you currently employ to make suggestions to maximize client benefit:
- Audit DPL performs an audit of the products currently used and the purpose for which they are used. From this review DPL provides a Product Strategy Guide.
- Client review (existing insurance holdings) DPL works with the member firm to review existing client insurance holdings to explore whether client needs are being best met (can be as easy as sending over a statement). DPL delivers members options which may improve client outcomes.
- Client review (no insurance holdings) At the time of annual or quarterly client meetings, members may contact their DPL consultant to review client situation to determine if insurance products may benefit the client.
- Implementation If the advisor has decided a product helps deliver on client needs, DPL assists in the implementation of the product
If you don't currently use insurance with your clients
We recommend starting to review your client base for exchange opportunities (your clients do own insurance!):
- DPL likely can find better product solutions, possibly saving your clients up to 80% on their product fees.
- Bringing low-cost, fee-only solutions to your client can easily demonstrate your value and potentially increase your AUM
After the initial review for exchange opportunities, DPL works with you on-going to discuss means to improve client retirement outcomes:
- Protect against sequence of return risk with principal protection strategies
- Opportunities for greater accumulation through tax deferral
- Generate additional guaranteed lifetime income
- Bridge income gaps in retirement
Satisfied with the value we offer? Join us.
After working with our consultants to identify ways we can help improve client financial outcomes, join DPL to get unlimited access to our team of consultants who work for you to help service your clients’ insurance needs. Our product agnostic consultants save you from wholesalers pushing proprietary products. We’re a single point of contact to find the best products from the best companies.
Our members are able to focus on what they do best—managing their practice.
for all Policies
- Unlimited access to consultants
- Access to top products from top carriers
- Analysis of client’s current annuity holdings
- Membership newsletter
- Exclusive content and member webinars
- Concierge Service to help complete client paperwork
- Training on Carrier’s website
- Assistance with advisory fee billing
- Advisor retains and manages client assets
- Access to offer insurance products
- Consultant signs as executing agent
- Client suitability performed by DPL