David Lau: Taking High Commissions Out of Annuities

The Long View

Morningstar

Finance, Dan Lefkovitz, Amy Arnott, Entrepreneurship, Investing Leaders, Jeff Ptak, Investors, Christine Benz, Influential Investors, Careers, Long-term Investing, Financial Services, Business, Investing, Morningstar

4.5 • 775 Ratings

🗓️ 21 June 2022

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

The DPL Financial Partners CEO discusses disentangling annuities and life insurance from their high-cost, high-commission roots—and why fixing long-term-care coverage could be next.

Transcript

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0:00.0	At Jackson, we've created a digital retirement planning experience with you and mine.
0:05.5	Visit jackson.com to explore our easy-to-understand resources and user-friendly tools
0:10.1	that are designed to enable financial professionals and clients to plan a path to financial freedom.
0:15.5	Jackson is short for Jackson Financial Incorporated, Jackson National Life Insurance Company, Lansing, Michigan,
0:20.5	and Jackson National Life Insurance Company of New York, purchase New York.
0:26.6	Please stay tuned for important disclosure information at the conclusion of this episode.
0:32.7	Hi, and welcome to the Longview. I'm Christine Ben's Director of Personal Finance and Retirement Planning for Morningstar.
0:38.9	And I'm Jeff Battack, Chief Ratings Officer for Morning Star Research Services.
0:43.0	Our guest on the podcast today is David Lau, founder and CEO of DPL Financial Partners,
0:49.0	which develops and distributes low-cost, commission-free, insurance and annuity products.
0:55.9	In addition, DPL Financial partners provides tools and educational resources for registered investment advisors and individual
1:01.3	investors. Prior to founding DPL, David was chief operating officer of Jefferson National, and before
1:07.6	that, he was principal and co-founder of the Oyster House Group, a management consulting firm.
1:13.3	He also served as chief marketing officer of E-Trade Bank and its predecessor, Telebank.
1:19.1	David received his bachelor's degree in economics from the College of William and Mary.
1:23.3	David, welcome to the Longview.
1:25.7	Thanks, Christine and Jeff. Happy to be here. Thanks for having me on your podcast. Thanks, Christine and Jeff.
1:28.5	Happy to be here.
1:30.3	Thanks for having me on your podcast.
1:32.6	Well, we're happy to have you here.
1:35.6	We wanted to start by doing a little bit of stage setting.
1:41.5	Annuities are a broad and complicated basket, and it includes a lot of different product types.
	...

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