DPL Financial Partners, a Louisville, Kentucky-based insurance platform for registered investment advisers, and SS&C Technologies Holdings of Windsor, Connecticut, have launched an insurance platform that allows advisers to access a range of fee-only products through the Black Diamond Wealth Platform and DPL’s proprietary Product Discovery Tools.
The platform, called the SS&C Advent Insurance Marketplace Powered by DPL, combines technology and insurance consultants to provide access to and information about annuities, life insurance, long-term care and disability offerings.
Insurers that are making their products available through the marketplace include Allianz Life Insurance Co. of North America, Great American Life Insurance Co., Security Benefit Life Insurance Co. and Midland National Life Insurance Co.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.