Chalice Financial Network Launches M&A Support Platform for Advisors

Chalice Financial Network, a member benefits organization for independent financial advisors and RIAs, has launched Chalice Advisor Lending Solutions, which provides support for advisors seeking to buy and sell books of business.

The company acquired Succession Link, an online matching service for financial advisor merger and acquisition deals, and formed a strategic alliance with Oak Street Funding, which provides financing for advisors seeking to buy or sell an independent practice.

“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,” said Keith Gregg, founder, chairman and CEO of Chalice.

He added, “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.”

In a related development, Derek Bruton has been promoted from chief operating officer of Chalice Financial Network to the newly-created role of president to oversee the next phase of the company’s growth plans.

Additionally, Succession Link’s chief technology officer Tim Horton has been named chief technology officer of Chalice Financial Network. Before Succession Link, he was the CTO of Airbitz (now rebranded as Edge), a cryptocurrency wallet and authentication provider.

Chalice Financial Network is a San Diego-based provider of third-party technology, asset management, wealth management and business enterprise solutions for independent financial advisors across the country.

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