Connect with us

Hi, what are you looking for?

Trending News

DPL Financial Partners secures $26 million in private equity capital

In the latest sign of private equity money finding its way into the wealth management industry, DPL Financial Partners, an insurance network for RIAs, on Wednesday announced a combined $26 million capital infusion from Eldridge and Atlas Merchant Capital.

DPL said that it plans to invest the proceeds in the development of technology and infrastructure to support its growing base of more than 10,000 advisers and continue to bring commission-free annuity and insurance products to their clients.

“Eldridge has been with us from the start, so they understand the business we’re building, the huge opportunity in front of us, and the place technology has always occupied at the forefront of our strategic plan,” said David Lau, founder and chief executive of DPL. “Their renewed commitment, combined with new backing from Atlas and its renowned leadership team, is incredibly gratifying and exciting.”

In connection with the investments, representatives from Atlas Merchant Capital and Eldridge will be joining a newly formed board of directors for DPL that will also include Lau and two independent members to be named later. 

[ESG Video: Making of ‘Flowers in the River’]



Source link

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Trending News

via blogmaverick I wanted to get an understanding of what opening meant to businesses around Dallas. Were they opening? What precautions were they taking? Were...

Trending News

by Dr. Eowyn Washington State governor Jay Inslee is not only a rabid leftist (see “Washington Gov. Jay Inslee Signs Seven Anti Gun Bills...

Trending News

Canada Life has extended its segregated portfolio service (SPS) to a wider range of bonds. The SPS provides clients with access to an offering...

Trending News

by Tom Wigand Cross-posted from trevorloudon.com An ordained minister from Chicago. A former Black Panther. Supported by the Democrat Socialists of...