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Chalice Financial Network™ Acquires Succession Link

Chalice Financial Network (“Chalice,” “CFN” or “the firm”), the leading member benefits organization for Independent Financial Advisors and RIAs, today announced that it has dramatically enhanced its offering with the introduction of Chalice Advisor Lending Solutions by providing comprehensive M&A support for advisors who seek to buy and sell books of business.

This new service strengthens CFN’s offering, which already includes discounted pricing on technology and tools, marketing and complimentary lead generating websites, corporate services and support including HR, IT, payroll, and group health benefits.

As part of the launch of this new platform, Chalice also announced the acquisition of Succession Link, the nation’s top online matching service for independent financial advisor M&A deals, as well as a strategic alliance with Oak Street Funding, a leading provider of conventional non-SBA loans for advisors seeking to buy or sell an independent practice. Chalice’s preferred vendor relationship with Oak Street Funding also makes capital and M&A support available to advisors who are among Succession Link’s 43,000-plus users. Succession Link members get 50% off membership to Chalice if they join by March 31.

Keith Gregg, Founder, Chairman and CEO of Chalice, said, “From identifying potential transactions, to obtaining deal financing, to expertise on transaction execution and business integration, we now offer the entire continuum of solutions that independent advisors need to buy or sell a business. Just as the wealth management industry is experiencing a wave of Baby Boomer clients transferring trillions of dollars in assets to Millennial heirs, thousands of financial advisors are preparing to retire in the coming years. The number of potential practice acquirers and sellers will continue to surge, and streamlined access to M&A guidance and competitive financing will mark the difference between success or failure for these advisors.”

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Chalice Advisor Lending Solutions recognizes the increased advisor demand for succession planning and desired growth by providing Chalice Financial Network members with:

A members-only model including expedited loan processing and lower rates
Simplified underwriting and expedited approval process
Merger & Acquisition support and structure
More broadly, as the equivalent of “Amazon Prime for advisors,” Chalice Financial Network provides its members with a robust, single sign-in shared services FinTech Platform and digital marketplace called the Chalice Advisor Exchange (CAEx). Through CAEx, Chalice’s members can access best-in-class, third-party technology and business enterprise solutions that include portfolio management software, alternative investments, asset and wealth management platforms, as well as back-office needs ranging from group health insurance, human resources, CFO finance and accounting, complimentary lead generating websites and marketing support, furniture, equipment and office space — all at steeply discounted rates.

Mia Turner


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