DPL Financial Partners (DPL), the commission-free insurance network for registered investment advisers (RIAs) in the US, has forged a partnership with Allianz Life Insurance Company of North America (Allianz Life) to offer annuity products to RIAs.
The collaboration will be mutually beneficial for the two companies, enabling them to strengthen their offerings of low-cost, commission-free insurance products for RIAs and their clients.
Under the agreement, DPL will offer two new products from Allianz Life including a fixed index annuity and a buffer annuity. Both the products have been designed particularly for RIAs.
At the same time, DPL will act as an ongoing strategic resource to facilitate Allianz Life’s initiatives to develop future offerings for advisers.
DPL founder and CEO David Lau said: “This partnership between DPL and Allianz Life is a major step in our goal to make insurance a valuable investment asset for fiduciaries and their clients.
“The combination of Allianz Life’ scale and pricing power with DPL’s unique knowledge of the RIA industry and low-cost delivery model brings exceptional product value and choice to RIAs and their clients.”
DPL leverages a unique membership model to remove commissions, enabling fee-only advisers to implement insurance solutions as part of their practice.