DPL rolls out new Annuity Review tool for fee-based RIAs
DPL Financial Partners has introduced a portfolio-level tool has designed to help RIAs evaluate and manage large books of legacy annuities as they migrate to fee-based advisory models.
The Annuity Review expands on DPL’s single-contract comparison utility to let advisory firms analyze entire annuity books in bulk, the company said in a statement on Thursday.
The tool flags contracts that may be candidates for exchange into fee-based products, enables transfers of nontransferable contracts to DPL for oversight, and provides a centralized dashboard where advisors can review and approve recommendations and initiate online applications.
DPL said nearly $1 billion in annuities has been uploaded to the platform since a late‑2025 soft launch with select member firms.
Across its whole platform, DPL currently has roughly $6 billion in assets under administration. It works with more than 8,500 RIA firms directly or through integrations with major wealth platforms including Black Diamond and Orion.
“As more advisors today move to a fee-based advice model, annuities have remained an outlier,” DPL founder and CEO David Lau said, highlighting his platform's supporting role for advisors to align with clients “as fiduciaries – focused on providing advice, not selling products.”
DPL's new tool expands on that promise, targeting enterprise firms running commission-based annuity books and pursuing organic growth by converting revenue streams to fee arrangements.
