DPL Money Partners Secures Growth Money From Eldridge and Atlas Service provider Funds

George T. Taft

LOUISVILLE, Ky.–(Company WIRE)–Jan 13, 2021–

DPL Economic Partners (“DPL”), the leading insurance policies network for registered expenditure advisors (RIAs), these days introduced a $26 million merged equity funds investment decision from its initial investor, Eldridge, and Atlas Merchant Cash, the non-public financial commitment agency launched by Bob Diamond and David Schamis. DPL options to make investments the proceeds in the development of technological innovation and infrastructure to help its escalating advisor foundation of extra than 10,000 advisors and keep on to bring fee-free of charge annuity and insurance plan solutions to their customers.

This press launch attributes multimedia. See the comprehensive release in this article: https://www.businesswire.com/news/home/20210113005184/en/

“Eldridge has been with us from the start off, so they fully grasp the business we’re constructing, the enormous prospect in front of us, and the position technology has usually occupied at the forefront of our strategic plan,” explained David Lau, Founder and CEO of DPL. “Their renewed determination, merged with new backing from Atlas and its renowned leadership team, is unbelievably gratifying and fascinating.”

“David and his staff are evolving annuity distribution by leveraging knowledge, technological innovation, and schooling,” explained Todd Boehly, Chairman and CEO of Eldridge. “They have developed a marketplace of value-concentrated goods offering additional optionality for folks to meet their financial objectives.”

“Our staff of operators at Atlas were attracted to the opportunity to again a business targeted on the essential, technology-oriented transformation of fee-driven insurance policy distribution,” explained Bob Diamond, Founder and CEO of Atlas Service provider Capital. “David has a track history of creating companies that disrupt industries and deliver huge benefit to clients.”

In link with the investments, reps from Atlas Merchant Cash and Eldridge will be signing up for a newly fashioned board of administrators for DPL that will also consist of Lau and two independent users to be named later.

About DPL Financial Associates

DPL Financial Companions is the to start with and major RIA turnkey insurance administration platform that brings commission-totally free insurance policy solutions from a variety of the nation’s top carriers to RIA methods. DPL has produced a market of fee-absolutely free insurance policies products that allows RIAs to incorporate insurance policies and annuities into their techniques to much more holistically provide their consumers. Consumers profit from goods that provide competitive pricing and fiduciary implementation rather than commissioned, product sales-pushed ones. www.dplfp.com

About Atlas Service provider Capital LLC

Atlas Merchant Capital LLC invests in compelling industry opportunities in the financial solutions sector. Based mostly in New York and London, Atlas Service provider Capital was started by Bob Diamond and David Schamis, who alongside one another with their companions kind a complementary partnership with intensive functioning and investing experience throughout the fiscal companies landscape. Further facts is obtainable at www.atlasmerchantcapital.com.

About Eldridge

Eldridge grows diversified enterprises with a aim on Insurance policies, Credit rating, Technologies, Genuine Estate, Athletics and Media, and Purchaser. The business seeks to develop and grow organizations led by confirmed management teams that have shown management and practical experience to scale an enterprise. Eldridge is headquartered in Greenwich, Connecticut, with further places of work in Beverly Hills, New York, and London. To discover a lot more about Eldridge, remember to pay a visit to www.eldridge.com.

View supply edition on businesswire.com:https://www.businesswire.com/news/property/20210113005184/en/

Call: Greg Joslyn, The Lowe Team

[email protected]

+1 (414) 376-7275

Key word: UNITED STATES NORTH The united states KENTUCKY

Sector Key phrase: CONSULTING Specialist Expert services Coverage FINANCE

Source: DPL Economical Partners

Copyright Business enterprise Wire 2021.

PUB: 01/13/2021 09:05 AM/DISC: 01/13/2021 09:05 AM


Next Post

Unique: Wells Fargo close to offer with buyout companies for asset administration small business - sources

By Joshua Franklin, David French (Reuters) – Wells Fargo & Co is in exceptional talks to offer its asset management company, which manages much more than $607 billion on behalf of customers, to a personal fairness consortium led by GTCR LLC and Reverence Cash Associates LP, according to people acquainted […]