Lau Launches Network To Bring RIAs Commission-Free Insurance Products
Financial Advisor
Lau Launches Network To Bring RIAs Commission-Free Insurance Products
The co-creator of an RIA-friendly variable annuity is planning to launch an entire series of commission-free insurance products for fiduciary advisors.
David Lau, a former Jefferson National executive, founded DPL Financial Partners as an RIA insurance network to connect the nation’s top insurance carriers with fiduciary advisors.
“Insurance is an important piece to a financial plan,” said Lau in an e-mailed comment. “RIAs have to refer their clients to an outside insurance professional who will sell them a commissioned insurance product. ... We are bringing low-cost, commission-free products to market to help them manage their clients insurance in a fashion that is aligned with their fee-only business model.”
Launched six months ago, DPL will offer products including variable annuities, variable life insurance, universal life insurance, long-term-care coverage and Medicare supplemental insurance.
DPL will provide product- and carrier-agnostic assistance to advisors and work with insurance carriers to create and support additional commission-free products.
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