DPL Financial Partners, a Louiseville, KY-based supplier of a platform for commission-free annuities, acquired $23M in fairness funding.
The spherical was led by Eos Ventures and included participation by TIAA Ventures and different strategic insurance coverage buyers. Galen Shaffer, a Principal at Eos Ventures, will be a part of DPL’s board of administrators.
The corporate intends to make use of the funds to speed up platform growth and increase distribution of commission-free annuities and insurance coverage.
Led by CEO David Lau, DPL Monetary Companions is an insurance coverage market bringing options from carriers to registered funding advisors (RIAs), their purchasers and shoppers. Its merchandise, proprietary instruments, and embedded expertise in wealth administration platforms allow RIAs to include insurance coverage and annuities into their practices to higher serve their purchasers.
DPL’s merchandise, proprietary instruments, and embedded expertise in wealth administration platforms allow RIAs to include insurance coverage and annuities into their practices to extra holistically serve their purchasers.
FinSMEs
03/12/2024
