logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Dpl Financial Partners Acquiring Annuityfix To Help Breakaway Advisors Retain Annuity Assets And Better Serve Clients

Sep 20, 2023•about 2 years ago

Acquiring Company

DPL Financial Partners

Acquired Company

DPL Financial Partners

LouisvilleLouisvilleInsurtechInsuranceInsurtechInsurance

Description

DPL Financial Partners, the leading commission-free insurance platform for RIAs, today announced that it is acquiring AnnuityFix and its affiliated broker-dealer, Johnstone Brokerage Services. The acquisition enhances DPL’s Breakaway Accelerator program, which allows financial advisors to transition their legacy annuity business to a fee-based business model, enabling many to go completely independent. DPL appointed AnnuityFix Founder Grant Johnstone as chief compliance officer and chief legal officer and said the firm’s employees will join DPL.

Company Information

Company

DPL Financial Partners

Location

W Dry Creek Circle

Louisville, Kentucky, United States

About

DPL Financial Partners is the leading commission-free annuity marketplace bringing best-in-class solutions from the nation's top carriers to registered investment advisors (RIAs), their clients, and consumers. DPL's products, proprietary tools and embedded technology enable RIAs to incorporate insurance and annuities into their practices to more holistically serve their clients. Clients benefit from products that offer competitive pricing and transparent, fiduciary implementation to meet a range of needs in the financial plan.

Related People

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed