LOUISVILLE, Ky.–(Enterprise WIRE)–DPL Money Companions (“DPL”), the leading insurance plan network for registered investment advisors (RIAs), today declared a $26 million mixed equity cash investment from its initial investor, Eldridge, and Atlas Merchant Money, the private investment firm launched by Bob Diamond and David Schamis. DPL strategies to make investments the proceeds in the growth of technological innovation and infrastructure to guidance its rising advisor foundation of more than 10,000 advisors and continue to carry fee-totally free annuity and insurance items to their purchasers.
“Eldridge has been with us from the begin, so they realize the business we’re developing, the large prospect in front of us, and the spot engineering has usually occupied at the forefront of our strategic approach,” said David Lau, Founder and CEO of DPL. “Their renewed dedication, combined with new backing from Atlas and its renowned leadership group, is incredibly gratifying and exciting.”
“David and his staff are evolving annuity distribution by leveraging details, engineering, and education,” mentioned Todd Boehly, Chairman and CEO of Eldridge. “They have created a marketplace of benefit-focused items furnishing much more optionality for persons to meet up with their monetary goals.”
“Our group of operators at Atlas ended up captivated to the chance to again a company concentrated on the fundamental, know-how-oriented transformation of commission-driven insurance distribution,” mentioned Bob Diamond, Founder and CEO of Atlas Service provider Funds. “David has a track document of building companies that disrupt industries and provide incredible price to clientele.”
In connection with the investments, associates from Atlas Service provider Cash and Eldridge will be joining a recently fashioned board of directors for DPL that will also contain Lau and two impartial members to be named later on.
About DPL Money Partners
DPL Economic Associates is the initial and top RIA turnkey insurance policy administration platform that brings fee-totally free insurance policies alternatives from a variety of the nation’s leading carriers to RIA tactics. DPL has produced a market of commission-absolutely free insurance policy items that permits RIAs to integrate insurance plan and annuities into their methods to more holistically provide their clientele. Clients reward from products and solutions that give aggressive pricing and fiduciary implementation rather than commissioned, product sales-driven kinds. www.dplfp.com
About Atlas Merchant Funds LLC
Atlas Merchant Funds LLC invests in powerful market place options in the economical products and services sector. Centered in New York and London, Atlas Service provider Cash was launched by Bob Diamond and David Schamis, who alongside one another with their companions kind a complementary partnership with intensive operating and investing knowledge across the monetary providers landscape. Further info is readily available at www.atlasmerchantcapital.com.
Eldridge grows diversified businesses with a focus on Insurance policies, Credit score, Technological know-how, Actual Estate, Sporting activities and Media, and Purchaser. The firm seeks to create and increase organizations led by confirmed management teams that have demonstrated leadership and working experience to scale an organization. Eldridge is headquartered in Greenwich, Connecticut, with extra offices in Beverly Hills, New York, and London. To discover extra about Eldridge, be sure to check out www.eldridge.com.