RIAs beta-test Denali, Orion's 'future' • Altruist AI goes upscale • Fidelity revenues soar; weeds out ETF flops • Envestnet nets new CTO • DPL, Robinhood hit milestones • Schwab now inside Advyzon software

DPL hits $5 billion milestone

DPL Financial Partners is on a growth tear, with administered assets rising by 200% over the last 24 months, largely on the back of major deals with the portfolio management big-three: Orion, Envestnet and SS&C Black Diamond. See: DPL to complete 'Big Three' deals, enabling RIAs to show – and bill for – annuities like asset funds.

The Louisville, Ky., clearinghouse for commission-free annuities now administers $5 billion of annuity assets, up from $3.7 billion in Dec. 2024, when it raised $23 million in a “C” funding round. See: 'Oversubscribed' DPL raises $23 million to build 'straight-thru' annuity purchases.

It's “a significant accomplishment,” says CEO, David Lau, in the linked release.