RIA network adds carrier’s commission-free I-Share VA featuring dozens of investment options from leading investment managers

DPL Financial Partners (“DPL”), the leading insurance network for registered investment advisors (“RIAs”), today announced an agreement with Transamerica to offer the insurer’s I-Share variable annuity to DPL’s 800 RIA member firms. The annuity features subaccount options from leading investment managers in equity, fixed-income and alternatives, along with several living benefits expected to appeal to fee-only advisors and their clients.

“Recent market volatility has exposed vulnerabilities in investment-only portfolios, so advisors are looking for products that can bring some protection and security to their clients,” said DPL Founder and CEO David Lau. “Transamerica’s I-Shares variable annuity offers clients market participation with several principal protection options, as well as the ability to create guaranteed income. This is exactly the type of solution our members have been seeking in this volatile market,” he concluded.

“We know fee-only advisors are increasingly embracing annuity products and view the space as a natural opportunity to expand our accessibility in the market. We’re excited to work with DPL to bring the Transamerica Variable Annuity I-Share to their large and fast-growing network of RIA firms,” said Joe Boan, Senior Managing Director, Wholesale Distribution and Marketing of Individual Solutions for Transamerica.

In addition to its investment options from some of the industry’s top managers such as American Funds, BlackRock, T. Rowe Price and Janus, the annuity’s optional living benefits provides the opportunity to lock in account value annually, based on the highest monthly policy value (versus quarterly or annually), as well as several other living benefit riders with customizable features. DPL will begin offering the product on its platform in mid-May 2020.

About DPL Financial Partners

DPL Financial Partners is the first and leading RIA turnkey insurance management platform that brings commission-free insurance solutions from a variety of the nation's top carriers to RIA practices. DPL has created a marketplace of no-load insurance products that enables RIAs to incorporate insurance and annuities into their practice to more holistically serve their clients. Clients benefit from products with improved pricing and fiduciary implementation rather than a commissioned, sales-driven one. www.dplfp.com

About Transamerica

With a history that dates back more than 100 years, Transamerica is recognized as a leading provider of life insurance, retirement and investment solutions, serving millions of customers throughout the United States. Recognizing the necessity of health and wellness during peak working life, Transamerica’s dedicated professionals work to help people take the steps necessary to live better today so they can worry less about tomorrow. Transamerica serves nearly every customer segment, providing a broad range of quality life insurance and investment products, individual and group pension plans, as well as asset management services. In 2019, Transamerica fulfilled its promises to customers, paying more than $50 billion in insurance, retirement, and annuity claims and benefits, including return of annuity premiums paid by the customer. Transamerica’s corporate headquarters is located in Baltimore, Maryland, with other major operations in Cedar Rapids, Iowa. Transamerica is part of the Aegon group of companies. Based in the Netherlands, Aegon is one of the world’s largest providers of life insurance, pension solutions and asset management products, operating in more than 20 markets worldwide. For the full year of 2019, Aegon managed over $1 trillion in revenue generating investments. For more information, please visit www.transamerica.com.

Greg Joslyn, The Lowe Group greg.joslyn@lowecom.com +1 (414) 376-7275


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