DPL Set to Distribute Corebridge Financial Annuities
What You Need to Know
DPL operates a platform for the distribution of commission-free annuities and other insurance products for RIAs.
Fee-based annuity sales, while still only a small part of the overall annuity marketplace, represent an important and growing segment for fiduciary advisors.
DPL Financial Partners has announced the addition of Corebridge Financial to its carrier lineup.
Corebridge brings two commission-free annuity products to the DPL platform, both geared to fee-only financial advisors.
Corebridge, formerly AIG Life & Retirement, provides a range of retirement solutions and insurance products. With the new DPL partnership, the firm’s annuity solutions will be available to registered investment advisors seeking commission-free products for their clients.
DPL Founder and CEO David Lau says the addition of the Corebridge annuity products to the platform will help to address the unique needs of fee-only financial advisors.
As fiduciaries, RIAs are generally unable to accept the commissions insurance companies typically pay advisors for selling annuity products. Recognizing this issue, platform providers like DPL are creating new forms of annuity distribution that allow these advisors to incorporate annuities into their practices and receive compensation from fiduciary clients as part of their advisory fee.
