LOUISVILLE, Ky.–(Enterprise Wire)–DPL Fiscal Associates (“DPL”), the foremost insurance coverage community for registered investment advisors (RIAs), now introduced a $26 million blended fairness funds expenditure from its initial investor, Eldridge, and Atlas Merchant Money, the personal investment agency established by Bob Diamond and David Schamis. DPL plans to commit the proceeds in the improvement of know-how and infrastructure to assistance its growing advisor foundation of more than 10,000 advisors and continue to convey commission-cost-free annuity and insurance policies solutions to their clients.
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“Eldridge has been with us from the begin, so they have an understanding of the organization we’re making, the enormous opportunity in entrance of us, and the spot technologies has constantly occupied at the forefront of our strategic system,” said David Lau, Founder and CEO of DPL. “Their renewed dedication, combined with new backing from Atlas and its renowned management staff, is extremely gratifying and remarkable.”
“David and his group are evolving annuity distribution by leveraging data, engineering, and training,” reported Todd Boehly, Chairman and CEO of Eldridge. “They have designed a market of worth-targeted solutions giving more optionality for men and women to fulfill their fiscal plans.”
“Our team of operators at Atlas had been attracted to the option to again a firm concentrated on the basic, technology-oriented transformation of fee-driven insurance policy distribution,” explained Bob Diamond, Founder and CEO of Atlas Merchant Money. “David has a track record of building enterprises that disrupt industries and provide incredible price to customers.”
In connection with the investments, associates from Atlas Merchant Funds and Eldridge will be joining a recently shaped board of administrators for DPL that will also consist of Lau and two unbiased customers to be named later on.
About DPL Fiscal Companions
DPL Monetary Associates is the very first and major RIA turnkey insurance administration system that provides commission-free coverage solutions from a selection of the nation’s prime carriers to RIA practices. DPL has produced a market of fee-free insurance policy solutions that permits RIAs to integrate insurance coverage and annuities into their procedures to a lot more holistically serve their shoppers. Customers gain from goods that present competitive pricing and fiduciary implementation rather than commissioned, revenue-pushed types. www.dplfp.com
About Atlas Service provider Cash LLC
Atlas Service provider Capital LLC invests in compelling industry alternatives in the economic providers sector. Based in New York and London, Atlas Merchant Funds was started by Bob Diamond and David Schamis, who with each other with their associates form a complementary partnership with intensive functioning and investing abilities across the money expert services landscape. Additional information and facts is readily available at www.atlasmerchantcapital.com.
About Eldridge
Eldridge grows diversified companies with a concentrate on Insurance plan, Credit score, Know-how, True Estate, Athletics and Media, and Consumer. The organization seeks to make and grow companies led by verified management groups that have demonstrated management and working experience to scale an business. Eldridge is headquartered in Greenwich, Connecticut, with more offices in Beverly Hills, New York, and London. To discover additional about Eldridge, please go to www.eldridge.com.
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Greg Joslyn, The Lowe Team
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