Addition of former Orion, AssetMark sales leader comes as firm expands offering for high-growth RIAs
LOUISVILLE, Ky.–(BUSINESS WIRE)–DPL Financial Partners, the leading annuity and insurance platform for registered investment advisors (RIAs), today announced the appointment of Tom McCarthy to lead sales and distribution for the firm. The move comes as DPL continues to sign on enterprise firms looking for scalable solutions to drive organic growth and strengthen their brands.
“We are excited to have Tom join DPL at a pivotal time of expansion for our team,” said DPL Founder and CEO David Lau. “Tom is a highly accomplished sales leader in the RIA channel. He understands how the industry is evolving and is able to help firms leverage innovative investment strategies and evolving technology to drive organic growth and deliver better client outcomes.”
In his new role, McCarthy will help accelerate the firm’s continued expansion into advisory-centric insurance, structured solutions, and enterprise-level adoption across the RIA and wealth-management ecosystem.
Prior to joining DPL, McCarthy served as EVP & Head of Wealth Sales at Orion Advisor Solutions, where he led a large national distribution organization that drove significant asset-flow growth, more than doubled RIA adoption of wealth services, and secured major enterprise integrations of wealth and planning solutions. Previously, McCarthy spent over 20 years at AssetMark, where he helped the firm scale from $1B to more than $100B in AUM, navigate a successful IPO, and generate a 5x multiple on invested capital for investors.
“I am excited to join DPL at a time when the industry is at a true inflection point,” said McCarthy. “DPL has paved the way for a new model of delivering structured solutions through fiduciaries, and the level of enterprise interest we’re seeing is unlike anything this space has experienced. With the technology now in place to modernize how protection and income solutions are delivered, the opportunity ahead is transformative. I believe DPL is positioned to more than double year-over-year growth at a scale unprecedented in this category.”
DPL supports a user base of 8,500 firms with a combined $3T in AUM. The firm recently announced it surpassed $5B in AUA on its annuity and insurance platform.
To learn more about DPL, visit dplfp.com.
About DPL Financial Partners
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. www.dplfp.com
Contacts
DPL CONTACT:
Greg Joslyn, Lowe Group
[email protected]
(414) 376-7275
