SS&C, DPL Open Insurance Marketplace for RIAs

Wealth management platform Black Diamond, owned by SS&C Technologies, is launching its own insurance marketplace for RIAs in partnership with DPL Financial Partners, according to an announcement.
Called “Advent Insurance Marketplace Powered by DPL,” the new marketplace provides advisors with fee-only insurance products—including annuities—alongside comparison, education and discovery features provided by DPL. These “product discovery tools” are designed to make it easier to evaluate clients’ existing products against the stock of products offered by Allianz Life, Great American Life Insurance Company, Security Benefit Life Insurance Company and Midland National. The two firms first announced they were building the marketplace in the second half of 2020.
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