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Chalice Financial Network™ Acquires Succession Link And Forms Strategic Alliance With Oak Street Funding To Launch Comprehensive Support Platform For Independent Financial Advisor M&A Deals And Advisor Loans

Chalice Financial Network™ Acquires Succession Link And Forms Strategic Alliance With Oak Street Funding To Launch Comprehensive Support Platform For Independent Financial Advisor M&A Deals And Advisor Loans

Newly-Created Chalice Advisor Lending Solutions Expands Capital, M&A Support to the 43,000-plus Users of the Top Online Matching Service for Independent Advisors Seeking to Buy or Sell a Business

Alliance with Oak Street Funding Gives Chalice Members Access to Preferred Rates and Fee Waivers on Non-SBA Advisor Loans Throughout the Lifecycle of the Business*

As Part of the Enhanced Services and Support, Derek Bruton Has Been Promoted to President of Chalice Financial Network and Succession Link’s Chief Technology Officer Tim Horton Has Been Named Chalice’s CTO

PR Newswire

SAN DIEGO, Feb. 11, 2019 /PRNewswire/ — 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.”


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.


In a related development, Derek Bruton has been promoted from COO of Chalice Financial Network to President of the entire firm, a newly-created role reporting directly to Founder, Chairman and CEO Keith Gregg, to oversee the next phase of the company’s strategic growth plans.

Additionally, Succession Link Chief Technology Officer Tim Horton has been named Chief Technology Officer of Chalice Financial Network. Mr. Horton has spent his career in startups. Before Succession Link, he was the CTO of Airbitz (now rebranded as Edge) a cryptocurrency wallet and authentication provider.

Mr. Bruton, the newly appointed President of Chalice, who has served in strategic and executive roles in the financial service industry for nearly 30 years, said, “Connecting the advisors we serve at Chalice with Succession Link on a discounted basis is a natural outgrowth of our mission, and our alliance with Oak Street Funding provides a powerful capital solution for our constantly expanding base of members across the independent financial advice space. We’ve created the equivalent of a credit union for independent financial advisor businesses, regardless of their existing broker-dealer or RIA affiliations, in less than one month after the launch of our digital marketplace platform. We have a strong tailwind on our side as we continue to build out Chalice’s offerings and resources for our members.”

Mr. Horton said, “It was obvious to me early on that not only could Chalice’s advisors benefit from Succession Link, but that our clients could benefit from a closer relationship with Chalice and the solutions they provide to the independent financial advisor space. We’re excited about joining Chalice, and the added value it will provide to both advisors who are already on our respective platforms and those advisors who will soon become members.”

Rick Dennen, Founder, President and CEO of Oak Street Funding, said, “We are honored to be partnering with Chalice to serve their advisors looking for capital for M&A or succession planning. Chalice has a great name and reputation and is making things happen in this industry. We at Oak Street Funding believe in helping independent advisors at every stage of the business life cycle. Chalice members are a particularly entrepreneurial and driven group of professionals, making them the ideal audience for our services.”

About Chalice Financial Network™
Chalice Financial Network (“Chalice”) is a San Diego-based, leading provider of third-party technology, asset management, wealth management and business enterprise solutions for independent financial advisors across the country, delivered through an exclusive membership structure. Chalice is the Holy Grail for Wealth Advisors™ due to its ability to aggregate and integrate all the tools and technology, products and services a wealth advisor needs throughout the lifecycle of a successful independent business, by accessing Chalice Advisor Exchange™, its single sign-on shared services digital marketplace and fintech platform.

For more information, please visit www.chalicefn.com.

About Succession Link
Succession Link is the premier online communication and networking platform dedicated to connecting financial professionals who seek to buy, sell or merge their businesses in the U.S. or Canada. The platform enhances the ability of its members to build trusted partnerships with local professionals. The industry-leading community helps its members with cutting edge tools, expert know-how and data to expand their businesses. The industry-leading peer-to-peer marketplace is backed by more than 43,000 members. For more information, please visit www.successionlink.com

About Oak Street Funding
Indianapolis-based Oak Street Funding (www.oakstreetfunding.com), a First Financial Bank company, provides commercial financing for financial service businesses, restaurant franchises through the First Franchise Capital (www.firstfranchisecapital.com) brand and third-party loan servicing for financial institutions. Oak Street Funding and First Franchise Capital utilize industry knowledge, proprietary technology and passion to deliver top-quality service and capital products to finance services professionals and franchise owners nationwide.

* Loans and lines of credit subject to certain terms and conditions and approval. Potential borrowers are responsible for their own due diligence on acquisitions. CA residents: Loans made pursuant to California Department of Business Oversight, Finance Lenders License (#6039839).

Media Contacts

Joseph Kuo / Chris Latham
Haven Tower Group
424 652 6520 ext 101 or ext 105
jkuo@haventower.com or clatham@haventower.com

Cision View original content:http://www.prnewswire.com/news-releases/chalice-financial-network-acquires-succession-link-and-forms-strategic-alliance-with-oak-street-funding-to-launch-comprehensive-support-platform-for-independent-financial-advisor-ma-deals-and-advisor-loans-300792188.html

SOURCE Chalice Financial Network

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