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DPL Financial Partners Wins ThinkAdvisor Luminaries Award for Innovation in Retirement Income

Curated News for the HR Professional January 16, 2025
By HRMarketer News Staff
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DPL Financial Partners Wins ThinkAdvisor Luminaries Award for Innovation in Retirement Income

Summary

DPL Financial Partners has been awarded the ThinkAdvisor Luminaries award in the Retirement Income Firm Award – Innovation category, recognizing its transformative efforts in the annuity market for RIAs, highlighting the importance of accessible and transparent retirement planning solutions.

Full Article

DPL Financial Partners has been recognized with a ThinkAdvisor Luminaries award in the Retirement Income Firm Award – Innovation category, a testament to its pioneering work in making annuities more accessible and transparent for registered investment advisors (RIAs) and their clients. This accolade underscores the company's role in addressing the complexities and challenges traditionally associated with annuities, which are vital for retirement planning but have been marred by opaque commissioned structures and a lack of technological integration.

The ThinkAdvisor Luminaries Awards, now in its fourth year, aims to spotlight those who are setting new standards of excellence in the financial services industry. DPL Financial Partners was particularly commended for its innovative Breakaway Accelerator Program, designed to assist advisors in transitioning client annuity assets to an advisory model. Furthermore, the company has developed proprietary tools and technologies that seamlessly integrate with major wealth management platforms, thereby enhancing the accessibility of annuities across various advisory frameworks.

This recognition marks the second time DPL has been honored by the Luminaries Awards, with CEO David Lau previously receiving an executive leadership award in 2021. Such accolades highlight DPL's unwavering commitment to offering low-cost, commission-free annuities that play a crucial role in securing clients' financial futures. Through its dedication to education and technological advancement, DPL is reshaping the retirement planning landscape, making annuities a more integral and transparent component of financial strategies for advisors and consumers alike.

The implications of DPL's achievements extend beyond the company itself, signaling a broader shift in the financial services industry towards more fiduciary-friendly and technologically integrated retirement solutions. For vendors and professionals within the human resources and talent management sectors, this development underscores the evolving nature of retirement planning tools and the increasing importance of offering products that align with the fiduciary standards and technological expectations of today's advisors and their clients.

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