David Lau, DPL Financial Partners - The Root Of All Evil When It Comes To Annuities Are Commissions |#275

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7 • 938 Ratings

🗓️ 28 December 2020

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

In episode 275, we welcome our guest, David Lau, Founder and Chief Executive Officer of DPL Financial Partners, a firm focused on the distribution of financial products geared toward the Registered Investment Advisor (RIA) and fee-based advisory channels. In today’s episode, we’re talking all about annuities. Annuities are often thought of as being too expensive and a bad product for clients, but David explains how his firm is changing that by removing the commission, which lowers the cost by 80%. We get into the benefit of annuities, which offer tax deferred accumulation and income generation, while also taking risk management into account. David explains how RIA’s are using annuities for clients and why they make sense in a world with rates so low around the globe. As we start to wind down, we hear about the future plans for the firm, which include building out their suite of offerings and eventually offering a direct-to-consumer product. Please enjoy this episode with DPL Financial Partners’ David Lau. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Mebb favor show, where the focus is on helping you grow and preserve your wealth.
0:11.0	Join us as we discuss the craft of investing and
0:13.5	uncover new and profitable ideas all to help you grow wealthier and wiser.
0:17.2	Better investing starts here.
0:18.8	Matt Faber is the co-founder and chief investment officer at Cambria Investment Management.
0:23.3	Did it industry regulations, he will not discuss any of Cambria's funds on this podcast.
0:27.2	All opinions expressed by podcast participants are solely their own opinions and do not reflect the opinion of
0:31.2	Cambria Investment Management or its affiliates.
0:33.4	For more information, visit Cambria Investments.com.
0:39.6	What's up y'all?
0:40.6	Another great show.
0:42.0	Our guest is the founder and CEO of DPL Financial Partners, a firm
0:46.6	focused on the distribution of financial products geared towards the RIA and fee-based channels.
0:52.3	Today's episode we're talking about annuities.
0:56.0	Annuities are often thought of as being too expensive and a bad product for clients,
1:00.0	but our guest explains how his firm is changing that by removing the middlemen and
1:04.2	commissions which lowers the cost by like 80 percent. We get into the benefit of
1:08.7	annuies which offer tax-deferred accumulation and income generation while also taking risk management into account.
1:15.2	We hear how RIA's are using annuities for clients and why they make sense in a world with rates so
1:20.0	low around the globe.
1:21.8	As we start to wind down, we hear about the future plans to the firm,
1:24.9	which include building out the suite of offerings and eventually offering a direct consumer
	...

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