Advisor Revelations DPL Financial Partners

The collaboration between RIA firms, technology providers, and insurance platforms highlights the transformative power of strategic partnerships in the financial industry. As Credent Wealth Management continues to thrive and expand its footprint in the RIA space, partnering with DPL reflects its commitment to innovation and excellence. By leveraging the latest advancements in technology and financial solutions, Credent Wealth Management delivers unmatched value to its clients.

In this episode, Kameron talks with Edison Byzyka, Chief Investment Officer at Credent Wealth Management. Edison leads Credent's in-house investment team, offering clients strategic, transparent, tax-efficient options to help them build wealth. He maintains Credent's UMA platform through varying market cycles, upholding the highest standards with third-party-audited performance results. Edison has appeared on local and national radio and television shows and provides monthly market commentary for clients, helping them make smart investment decisions.

Edison talks with Kameron about how Credent Wealth Management utilizes DPL tools to implement commission-free annuities, how the firm works with RIA firms to create holistic retirement plans, and how to move clients into better price solutions and strategies for fixed-income alternatives.

In this episode of Advisor Revelations, Ross McGoodwin talks with Matt Grillo, Director of DPL's Breakaway Accelerator Program. They discuss how advisors can leverage this program to scale their firms, increase revenue, maintain control over clients' annuity contracts, and transition to an advisory-based annuity model. Learn more at https://www.dplfp.com/series/advisor-revelations-podcast.

In this episode of Advisor Revelations, David Lau talks with Amit Dogra, President and COO at tru Independence. Amit is passionate about driving growth in financial services and has been actively involved in the investment industry for nearly 25 years. In his role, Amit focuses on how to better serve the tru Independence community of advisors while also driving the growth and profitability of the firm. He is a recognized executive and thought leader in financial services, and he uses that experience to aid advisors in their business lifecycles.

Amit talks with David about tru Independence's unique approach to supporting breakaway advisors and its focus on service excellence. Amit highlights the company's expertise in compliance, technology, and growth strategies for advisors. Amit also discusses the partnership between DPL and tru Independence and their innovative solutions for transitioning annuities to a fee-based model.

Key Takeaways
• [01:24] - Introduction to Amit Dogra and why advisors choose tru Independence.
• [03:42] - Identifying the types of advisors that are a good fit for tru Independence.
• [05:43] - Advisor’s most common questions when connecting to tru Independence.
• [06:44] - An overview of tru Independence’s comprehensive support services.
• [08:58] - How tru Independence provides tech support to advisors.
• [11:49] - Insights into the partnership between DPL and tru Independence.
• [14:26] - What’s next for tru Independence.

Advanced planning strategies are essential for high-net-worth clients. In these strategies, insurance goes beyond its traditional role. Rather than just being a safety net, insurance is a strategic tool for tax optimization, estate planning, and business continuity, enabling clients to navigate the complexities of wealth management with greater confidence and security. Partnering with experts like DPL and PH Robb allows wealthy families and their advisors to minimize taxes and maximize wealth.

In this episode, Amy is joined by Nick Robb, Managing Partner at PH Robb. Nick specializes in designing, building, and managing insurance transactions that accomplish advanced tax, business, and wealth planning. As an advisor to ultra-high-net-worth clients, Nick deeply understands insurance products, banking, tax planning, and economic analysis, which he gained through years of close collaboration with the nation's top trust and estate attorneys, tax attorneys, and private wealth bankers.

Nick talks with Amy about advanced planning strategies for high-net-worth clients and how insurance can be used in those strategies. He also shares insights on estate planning, buy-sell agreements, and the use of insurance in business planning. Their conversation highlights the need for comprehensive planning and the potential risks of not having proper strategies in place.

Key Takeaways
02:21 - Nick’s role at PH Robb.
03:00 - The ideal client for an advanced planning review.
03:46 - How Nick defines high-net-worth clients.
04:17 - How insurance can reduce taxes.
07:00 - When does estate planning become a need?
10:14 - The role of insurance in business planning.
12:30 - The importance of buy-sell agreements.
15:52 - Advanced planning strategies for financial advisors.

The Department of Labor's new rule on retirement security is a significant step toward ensuring that financial professionals act in the best interest of their clients. It aims to correct the flaws in the existing regulations. By focusing on the consumer and providing better advice, higher quality products, and better pricing, the insurance industry can rebuild consumer trust, expand its market over time, and ensure that retirement investors receive advice in their best interests.

In this episode of Advisor Revelations, DPL Founder and CEO David Lau talks with Micah Hauptman, Director of Investor Protection at the Consumer Federation of America. Micah has a long history of consumer advocacy in the financial services industry and has been a vocal proponent of the Department of Labor's new rule on retirement security. He leads CFA's investor protection work by advocating on investor protection issues, primarily regulating investment advisers, investment companies, and broker-dealers. Micah also restores an appropriate balance between public and private securities markets to promote investor protection, market integrity, and efficiency. 

Micah talks with David about the loopholes in retirement investment advice, the impact of commissions on consumer costs, and the need for financial professionals to act in their client's best interests. They also discuss the benefits of the new rule, including improved product quality, reduced costs, and competition.

Key Takeaways
• [01:05] - How Micah got started in the investor protection industry.
• [06:12] - Micah's thoughts on the current DOL rule.
• [09:53] - Loopholes in the retirement investment advice.
• [14:03] - The evolution of retirement investment advice.
• [17:58] - How some financial professionals evade their fiduciary duties.
• [22:03] - Conflict of interest in the financial sector.
• [25:36] - The problem with certain annuity products.
• [30:51] - How the DOL's new rule impacts advisors.
• [33:10] - How the new DOL rule transforms the insurance industry.
• [36:20] - Micah's final thoughts on consumer protection.

Election years are known for triggering strong emotions in investors. Financial advisors play a crucial role in helping clients navigate election-related anxiety. By understanding the nuances of election-year investing and offering effective protection strategies, advisors can ensure their clients' portfolios remain on track for long-term success. 

In this episode of Advisor Revelations, Kameron and John talk about investing during election years. They discuss the effects of election years on the market and strategies for investing during these times. John shares insights on market trends during election cycles, the effect of emotions on investment decisions, and the role of annuities in protecting assets and income. He also explores the different asset protection strategies available through commission-free annuities and the benefits of protecting income through annuity products.