Integrating Fee-Based Annuities into Household Wealth Management with David Lau

This week, Jack Sharry talks with David Lau, Founder & CEO at DPL Financial Partners. David is an innovator and disruptor in the financial services industry and one of the pioneers in fee-based annuities and in making annuities more accessible. His firm focuses on integrating innovative insurance products into a fee-based advisory practice, helping advisors deliver greater value and better outcomes for investors through transparent, cost-effective solutions.

David and Jack explore the transformation underway in how advisors integrate annuities into a fee-based, household-level practice. They discuss why commission-based annuities are giving way to low-cost, fee-based structures, how technology is making annuity analysis scalable across entire books of business, and why asset location within a household — including tax deferral through investment-only variable annuities — is the clearest path to better client outcomes.

In this episode:

• (00:00) - Intro

• (02:21) - DPL's role in the convergence of human and digital advice

• (06:30) - Scaling annuity analysis from individual clients to entire books

• (09:42) - Simplifying annuity analysis through technology and automation

• (13:17) - How annuities make a difference to a portfolio

• (18:31) - Leveraging structure to create better outcomes

• (23:41) - David's outlook on the future of the financial services industry

• (25:07) - David's key takeaways

• (25:53) - David's interests outside of work

Quotes

"We build technology that commoditizes annuity knowledge. So now you don't need to be an advisor trying to figure out which annuity is best or which will suit your client. You just tell us about the client, and we give you the best annuity." ~ David Lau

"Working to bring capabilities together and being able to analyze the efficiency of asset location within a household is incredibly powerful." ~ David Lau

"You always have to stay on top of what's going on in the market because it's evolving quite a bit, not only from a technology point of view but also from a product point of view. And all of this convergence really makes a difference." ~ David Lau

Links 

• David Lau on LinkedIn

• DPL Financial Partners

• Vanguard

• Morningstar

• Homes for HOPE

• Chip Roame

Connect with our hosts

• LifeYield

• Jack Sharry on LinkedIn

• Jack Sharry on Twitter

Subscribe and stay in touch

• Apple Podcasts

• Spotify

• LinkedIn

• Twitter

• Facebook