DPL

Orion, DPL Team Up to Bring Commission-Free Annuities to Advisors

Retrieved on: 
Tuesday, February 27, 2024
Software, Personal Finance, Finance, Asset Management, Consulting, Professional Services, Technology, Fintech, Investment, Consultant, Disability, DPL, RIAS, Insurance, Partnership, Financial adviser

“We’re excited to provide thousands of advisors with access to insurance products through Orion’s expanded partnership with DPL.

Key Points: 
  • “We’re excited to provide thousands of advisors with access to insurance products through Orion’s expanded partnership with DPL.
  • In an increasingly competitive advisory environment, advisors have told us that bringing their clients’ insurance under the fiduciary umbrella will help to differentiate their firm and offering,” said Brian McLaughlin, President of Orion Advisor Technology.
  • Robust data feeds from DPL into the Orion Advisor Technology platform enable management of annuity assets alongside other investments in the client’s portfolio.
  • “Commission-free annuities and insurance solutions are critical tools for fiduciary advisors to serve the holistic needs of their clients and grow their practices,” said DPL Founder and CEO David Lau.

Tax Systems Launches Alphamap, a Generative AI Powered Solution That Reduces Time for Trial Balance Mapping and Upload by 80%

Retrieved on: 
Thursday, February 22, 2024
Technology, Finance, Fintech, Accounting, Professional Services, Business, Software, Data Analytics, Data Management, Artificial Intelligence, Tax, Risk, P&L, Data management, OpenAI, DPL, Anomaly, Video game

Tax Systems , the global tax and accounting software provider, today announced the launch of Alphamap, a first-of-its-kind generative AI powered solution for trial balance data mapping and data management.

Key Points: 
  • Tax Systems , the global tax and accounting software provider, today announced the launch of Alphamap, a first-of-its-kind generative AI powered solution for trial balance data mapping and data management.
  • Trial balance mapping and tax treatments are traditionally time consuming, manual copy and paste processes that can result in inaccuracies and human errors.
  • Tax Systems is the first software provider to launch a solution in the UK and Ireland that eliminates this challenge.
  • Fully integrated with Tax Systems’ Alphatax offering, Alphamap elevates Alphatax users from a data input role to that of a tax analyst.

Exelon Reports Fourth Quarter and Full Year 2023 Results and Initiates 2024 Financial Outlook

Retrieved on: 
Wednesday, February 21, 2024
Utilities, Energy, Constellation, Commonwealth Edison, Generation, Weather, Maryland Public Service Commission, Natural gas, PECO, Growth, ACE, Table, PHI, BSC, Treasury, Carbon, Infrastructure, Series, BGE, GAAP, Gas, MRP, DPL, ICC, Electricity, Corporation, Illinois Commerce Commission, CMC, Bank

Exelon Corporation (Nasdaq: EXC) today reported its financial results for the fourth quarter and full year 2023.

Key Points: 
  • Exelon Corporation (Nasdaq: EXC) today reported its financial results for the fourth quarter and full year 2023.
  • Adjusted (non-GAAP) Operating Earnings for the fourth quarter of 2023 increased to $0.60 per share from $0.43 per share in the fourth quarter of 2022.
  • ComEd's fourth quarter of 2023 GAAP Net Income increased to $268 million from $211 million in the fourth quarter of 2022.
  • PHI’s fourth quarter of 2023 GAAP Net Income increased to $101 million from $90 million in the fourth quarter of 2022.

DPL Financial Partners Surpasses $2B in Commission-Free Annuity Sales

Retrieved on: 
Monday, December 4, 2023
Consulting, Professional Services, Insurance, Finance, Diamond, Acceleration, Growth, Focus Financial Partners, DPL, RIA, Financial adviser

DPL Financial Partners, the leading platform for commission-free annuities, today announced that it has crossed $2 billion in sales of no-load annuity products.

Key Points: 
  • DPL Financial Partners, the leading platform for commission-free annuities, today announced that it has crossed $2 billion in sales of no-load annuity products.
  • “It took us three and a half years to reach $1 billion in sales, so doubling that in fourteen months is very rewarding,” said DPL Founder and CEO David Lau.
  • Lau noted that individual investors seeking value-driven retirement income solutions are finding their way to DPL, with year-over-year sales more than tripling from inbound consumer inquiries.
  • He said he expects the growth of the consumer channel to accelerate as DPL expands its services in response to the demands of this market.

DPL Financial Partners acquiring AnnuityFix to help breakaway advisors retain annuity assets and better serve clients

Retrieved on: 
Wednesday, September 20, 2023
Professional Services, Insurance, Finance, Asset Management, Fintech, Consulting, Personal Finance, RIA, Accelerator, DPL, Focus Financial Partners, RIAS, Acquisition, Financial adviser

DPL Financial Partners, the leading commission-free insurance platform for RIAs, today announced that it is acquiring AnnuityFix and its affiliated broker-dealer, Johnstone Brokerage Services.

Key Points: 
  • DPL Financial Partners, the leading commission-free insurance platform for RIAs, today announced that it is acquiring AnnuityFix and its affiliated broker-dealer, Johnstone Brokerage Services.
  • The acquisition enhances DPL’s Breakaway Accelerator program, which allows financial advisors to transition their legacy annuity business to a fee-based business model, enabling many to go completely independent.
  • DPL appointed AnnuityFix Founder Grant Johnstone as chief compliance officer and chief legal officer and said the firm’s employees will join DPL.
  • “I’m excited to combine the expertise of the AnnuityFix team with DPL’s market-leading, turnkey solution for transitioning breakaway annuity assets,” said Johnstone.

AM Best Revises Issuer Credit Rating Outlook to Positive for DPL Insurance Limited

Retrieved on: 
Friday, August 18, 2023
Professional Services, Insurance, Finance, Good, Communication, AM Best, ALL, DPL, COVID-19, Risk management, Credit, Vehicle registration plates of Nepal, Acquisition, FSR, Risk, AM, Growth, News

AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” (Good) of DPL Insurance Limited (DPL) (New Zealand).

Key Points: 
  • AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” (Good) of DPL Insurance Limited (DPL) (New Zealand).
  • The Credit Ratings (ratings) reflect DPL’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

Nautilus Solar Energy and TurningPoint Energy Announce Partnership on a 28.7 MWdc Community Solar Portfolio in Delaware

Retrieved on: 
Thursday, August 3, 2023
Public Policy, Government, Utilities, Construction & Property, State, Local, Alternative Energy, Energy, Building Systems, Urban Planning, Partnership, TPE, Senate, Nautilus, United States Senate Energy Subcommittee on Energy, DPL, Electricity, Transport, Organization, Acquisition, Delmarva Power, Partner, Engineering, Committee on Transportation, Environment, Legislation, Renewable energy, Construction, Light

Nautilus Solar Energy, LLC (“Nautilus”) and TurningPoint Energy (“TPE”) announce their collaboration on six community solar projects in Delaware totaling 28.7 MWdc of solar capacity.

Key Points: 
  • Nautilus Solar Energy, LLC (“Nautilus”) and TurningPoint Energy (“TPE”) announce their collaboration on six community solar projects in Delaware totaling 28.7 MWdc of solar capacity.
  • The acquisition of the portfolio marks Nautilus's entry into the Delaware market and is the third transaction between Nautilus and TPE, demonstrating the strong partnership between the two organizations.
  • “This is TurningPoint Energy’s first demonstration of coming through on our overall commitment to invest over $100MM in the Delaware community solar market.
  • Once completed, the community solar projects will provide clean energy to more than 5,000 residential and small commercial subscribers within DPL’s utility territory.

Exelon Utilities Recognized With ENERGY STAR® Partner of the Year Awards

Retrieved on: 
Wednesday, May 10, 2023
Other Energy, Professional Services, Utilities, Environmental Policy, Environmental Issues, Environmental Health, Sustainability, Alternative Energy, Energy, Environment, Green Technology, Climate Change, Environmental, Social and Governance (ESG), Baltimore Gas and Electric, U.S. Department of Energy, Office of Inspector General, Partnership, Ernst & Young Entrepreneur of the Year Award, Pepco, Carbon footprint, Public, DPL, Electricity, BGE, Carbon, DOE, Forest, Sale, Organization, EPA, Climate change, Delmarva Power, Pepco Holdings, ACE, PECO, Renewable energy, Commonwealth Edison, Exelon

The award is the highest recognition given by the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy (DOE).

Key Points: 
  • The award is the highest recognition given by the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy (DOE).
  • BGE, ComEd, DPL, PECO and Pepco received Sustained Excellence notations, given to companies that demonstrate exceptional leadership for more than three years in the ENERGY STAR® program, while committing to superior energy efficiency achievements.
  • ACE received ENERGY STAR® recognition after completing the first year of its energy efficiency program.
  • ENERGY STAR® Award Winners lead their industries in the production, sale, and adoption of energy-efficient products, services, and strategies.

Exelon Reports First Quarter 2023 Results

Retrieved on: 
Wednesday, May 3, 2023
Coal, Energy, Utilities, Oil, Gas, Constellation, Acceleration, Commonwealth Edison, Note, Table, Continuous operation, Exelon, Generation, CMC, Natural gas, DPL, Electricity, MRP, The 4th Coming, DCPSC, GAAP, BGE, Carbon, Pepco, Corporation, Investment, ACE, BSC, PHI, Weather, PECO, ROE, Cryptocurrency, Bank, Video game, Electric motor, Life insurance

Exelon Corporation (Nasdaq: EXC) today reported its financial results for the first quarter of 2023.

Key Points: 
  • Exelon Corporation (Nasdaq: EXC) today reported its financial results for the first quarter of 2023.
  • Adjusted (non-GAAP) Operating Earnings for the first quarter of 2023 increased to $0.70 per share from $0.64 per share in the first quarter of 2022.
  • ComEd's first quarter of 2023 GAAP Net Income increased to $241 million from $188 million in the first quarter of 2022.
  • PECO’s first quarter of 2023 GAAP Net Income decreased to $166 million from $206 million in the first quarter of 2022.

Exelon Foundation recognizes employees during National Volunteer Month for year-round volunteering efforts

Retrieved on: 
Friday, April 28, 2023
Energy, Fund Raising, Other Philanthropy, Philanthropy, Utilities, Safe Haven, Baltimore Gas and Electric, Volunteering, Baseball, Commonwealth Edison, Food, Specialization, Face, Operation Safe Haven (1957), Pepco, Tree, DPL, BGE, Veteran, Little League Softball World Series, Cycling, Youth service, EXC, Walking, Delmarva Power, Pepco Holdings, ACE, PECO, Hurricane Florence, CAT, All-star, Management, Nursing, Exelon, Light

“Powering a cleaner and brighter future for our customers means more than just delivering energy. It means being active in the communities we serve, sharing our resources and helping our customers in whatever way possible,” said Calvin Butler, president and CEO of Exelon. “Our employees share this passion for making a difference, and I am proud of their dedication to volunteer and share their most important resource -- time -- with their communities for causes they care about.”

Key Points: 
  • In acknowledgement of those efforts, the Exelon Foundation recognized 20 Exelon employees with its Volunteer Awards, given to those who have shown exemplary service and served more than 50 hours in one calendar year.
  • Father and son, and fellow BGE employees, Ron and Ben Carsten volunteer with Samaritan’s Purse , a nonprofit they have helped with disaster recovery efforts, building dozens of houses following Hurricane Florence and the 2022 Kentucky floods.
  • Delmarva Power employee Mark Naugle leverages his love for baseball and softball as a volunteer for the Delmar Little League organization.
  • Just this past summer, he coached the All-Star team that went to the Little League Softball World Series in Greenville, NC.