Guaranteed Lifetime Income with David Lau

In today’s episode, Tommy talks with David Lau, Founder, and CEO of DPL Financial Partners.
David is a leader and an innovator in the financial services industry. He has a stellar track record in financial services and has made a name in the realm of internet banking. One of his best contributions has been eliminating the commission on annuities, making them more affordable and accessible.
David talks with Tommy about the impact of commission-free annuities, the psychology of choice, and the truth about financial advice.
[09:50] - “Look at the way things are done within financial services and ask, why is it that way? Can't we improve? How do we bring better value to the end customer? Because if you can do that and you can execute well, you're going to build a successful business.” - David Lau

Main Takeaways 

[14:37] - There's a lot of great advantages to the structure of an annuity such as tax deferrals, lifetime income, and benefits. If made easily accessible, they can be tremendous assets to a portfolio and retirement plans.

[16:58] - Create choice, leverage tech to enable easy product selection, and drive costs down—that’s how you deliver client value. 

[18:21] - If you want a secured future, consider annuities. There’s no better tool than an annuity, as it provides guaranteed lifetime income.

[21:10] - There are two “types” of financial advisors, the one who’s paid for advice, and the one who only sells their product. The fiduciary rule asks financial advisors to always act in the client’s best interest, no matter what.

[27:44] - Choose investors wisely. People who have a demonstrated personal history of growth and success are the ones who can bring value to you and your company.

Links

David Lau on LinkedIn

DPL Financial Partners

Vestia Advisors

Bitcoin

Telebank

Nationwide Advisory Solutions

E-trade

Eldridge

LA Dodgers

Atlas Merchant Capital

The Founder's Dilemmas: Anticipating and Avoiding the Pitfalls That Can Sink a Startup by Noam Wasserman

Todd Boley

Connect with our host

Mammoth

Tommy on LinkedIn

Subscribe and stay in touch

Apple Podcasts

Spotify

Google Podcasts

Learn more about Mammoth Scientific's Health & Tech Fund 1
When you move beyond the point of making sure your retirement goals are on track, your investment opportunities are wider than just publicly traded funds. Step into the world of investing in venture capital by learning more about Mammoth Scientific's Health & Tech Fund 1. Curated by some of the leading medical and fintech experts, Mammoth's Fund 1 is paving the way for health science and tech innovation. If you're interested in helping patient care, provider insight, and instrumentation go beyond possibility and into reality, check it out today at Mammoth.vc.
Visit Mammoth.vc today!

In today’s episode, Tommy talks with David Lau, Founder, and CEO of DPL Financial Partners.

David is a leader and an innovator in the financial services industry. He has a stellar track record in financial services and has made a name in the realm of internet banking. One of his best contributions has been eliminating the commission on annuities, making them more affordable and accessible.

David talks with Tommy about the impact of commission-free annuities, the psychology of choice, and the truth about financial advice.

[09:50] - “Look at the way things are done within financial services and ask, why is it that way? Can't we improve? How do we bring better value to the end customer? Because if you can do that and you can execute well, you're going to build a successful business.” - David Lau

Main Takeaways 

[14:37] - There's a lot of great advantages to the structure of an annuity such as tax deferrals, lifetime income, and benefits. If made easily accessible, they can be tremendous assets to a portfolio and retirement plans.
[16:58] - Create choice, leverage tech to enable easy product selection, and drive costs down—that’s how you deliver client value. 
[18:21] - If you want a secured future, consider annuities. There’s no better tool than an annuity, as it provides guaranteed lifetime income.
[21:10] - There are two “types” of financial advisors, the one who’s paid for advice, and the one who only sells their product. The fiduciary rule asks financial advisors to always act in the client’s best interest, no matter what.
[27:44] - Choose investors wisely. People who have a demonstrated personal history of growth and success are the ones who can bring value to you and your company.

Links

David Lau on LinkedIn
DPL Financial Partners
Vestia Advisors
Bitcoin
Telebank
Nationwide Advisory Solutions
E-trade
Eldridge
LA Dodgers
Atlas Merchant Capital
The Founder's Dilemmas: Anticipating and Avoiding the Pitfalls That Can Sink a Startup by Noam Wasserman
Todd Boley

Connect with our host

Mammoth
Tommy on LinkedIn

Subscribe and stay in touch

Apple Podcasts
Spotify
Google Podcasts

Learn more about Mammoth Scientific's Health & Tech Fund 1

When you move beyond the point of making sure your retirement goals are on track, your investment opportunities are wider than just publicly traded funds. Step into the world of investing in venture capital by learning more about Mammoth Scientific's Health & Tech Fund 1. Curated by some of the leading medical and fintech experts, Mammoth's Fund 1 is paving the way for health science and tech innovation. If you're interested in helping patient care, provider insight, and instrumentation go beyond possibility and into reality, check it out today at Mammoth.vc.

Visit Mammoth.vc today!