In this episode, DPL’s Jonathan Barth and Blake Phillips discuss the ins and outs of a 1035 exchange, how DPL makes the transition easy, and how firms are using the annuity comparison calculator to easily evaluate exchange opportunities.
Transitioning away from a wirehouse? Your new responsibilities as an independent advisor probably feel overwhelming. Needless to say, having someone take the annuity burden off your shoulders is an invaluable help. But you can’t rely on just anyone or anything. You need professionals that take on annuities and data-driven tools to ensure each and every client transitions into the best solution possible.
the 1035 exchange is a process referring to moving a client’s annuity into a lower-cost option. Plus, While some are hesitant to embrace the 1035 exchange, the work DPL takes on for firms, from the front end to endless paperwork, ensures a seamless transition. And of course, increased revenue for your firm.
Key Takeaways
[00:56] - What a 1035 exchange actually is.
[01:18] - How advisors can discover what annuities exist for their clients.
[03:23] - Why firms are hesitant about going through a 1035 exchange and what DPL does on the front end to ensure a seamless transition.
[05:18] - How DPL tools can be implemented and their top benefits.
[09:40] - How DPL’s annuity comparison calculator analyzes every possible client outcome.
[14:54] - What advisors can expect from the DPL team after using the annuity comparison calculator or other helpful tools.
Links
- Blake Phillips
- Morningstar Data
- Black Diamond Wealth Platform
- Orion Advisor Technology
- Tamarac
- Chip Roame
- Tiburon Strategic Advisors
- Advisor Relations: How to Strategically Repurpose Annuities for Income with DPL
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