DPL Financial Companions Secures Development Capital From Eldridge and Atlas Merchant Funds
LOUISVILLE, Ky.–(Business WIRE)–DPL Money Companions (“DPL”), the main coverage community for registered expenditure advisors (RIAs), today introduced a $26 million combined fairness cash expense from its first investor, Eldridge, and Atlas Merchant Funds, the non-public expense agency started by Bob Diamond and David Schamis. DPL plans to make investments the proceeds in the development of technology and infrastructure to guidance its expanding advisor foundation of extra than 10,000 advisors and continue on to provide commission-no cost annuity and insurance policies products and solutions to their clientele.
“Eldridge has been with us from the start, so they understand the small business we’re creating, the massive option in entrance of us, and the place technological know-how has usually occupied at the forefront of our strategic plan,” explained David Lau, Founder and CEO of DPL. “Their renewed commitment, combined with new backing from Atlas and its renowned leadership team, is unbelievably gratifying and exciting.”
“David and his crew are evolving annuity distribution by leveraging info, technological innovation, and schooling,” reported Todd Boehly, Chairman and CEO of Eldridge. “They have produced a marketplace of price-targeted solutions supplying much more optionality for individuals to fulfill their fiscal aims.”
“Our crew of operators at Atlas were captivated to the possibility to back a business concentrated on the elementary, technological know-how-oriented transformation of fee-pushed insurance policy distribution,” reported Bob Diamond, Founder and CEO of Atlas Merchant Capital. “David has a keep track of report of making businesses that disrupt industries and provide incredible price to consumers.”
In connection with the investments, associates from Atlas Merchant Capital and Eldridge will be joining a freshly formed board of directors for DPL that will also contain Lau and two unbiased associates to be named later on.
About DPL Fiscal Associates
DPL Economic Associates is the 1st and main RIA turnkey insurance coverage administration platform that brings fee-cost-free insurance policy answers from a variety of the nation’s major carriers to RIA techniques. DPL has designed a marketplace of fee-totally free insurance policy merchandise that permits RIAs to include insurance plan and annuities into their methods to extra holistically provide their customers. Clients reward from goods that give competitive pricing and fiduciary implementation alternatively than commissioned, profits-pushed types. www.dplfp.com
About Atlas Merchant Cash LLC
Atlas Service provider Capital LLC invests in powerful sector alternatives in the money expert services sector. Primarily based in New York and London, Atlas Merchant Funds was founded by Bob Diamond and David Schamis, who jointly with their companions type a complementary partnership with substantial functioning and investing know-how across the fiscal companies landscape. Further information and facts is accessible at www.atlasmerchantcapital.com.
About Eldridge
Eldridge grows diversified businesses with a concentration on Insurance policies, Credit rating, Technological know-how, Authentic Estate, Athletics and Media, and Client. The firm seeks to build and increase organizations led by established administration groups that have shown leadership and knowledge to scale an enterprise. Eldridge is headquartered in Greenwich, Connecticut, with supplemental workplaces in Beverly Hills, New York, and London. To study a lot more about Eldridge, be sure to visit www.eldridge.com.
