DPL Financial Partners, an insurance network for RIAs, is giving non-member advisors immediate access to its turnkey insurance management platform free of charge, the firm announced this week.
DPL said it was responding to an outpouring of requests from clients asking advisors’ help in protecting their retirement savings from the coronavirus-related market upheaval of recent weeks.
Some 800 RIA firms representing nearly 3,000 advisors have joined the DPL network to access its commission-free annuities, life insurance and consulting team. Advisors who are not current DPL members can have free access to these services until June 1.
“The situation we find ourselves in with the market is impacting advisors and their clients in major ways and we’re hearing about it daily from our members as well as consumers calling us directly,” DPL’s founder and chief executive David Lau said in a statement.