Chalice Financial Network, a membership support organization for independent financial advisory firms, is strengthening its platform through three new alliances, the San Diego-based firm announced Tuesday.
In January, Chalice launched the Chalice Advisor Exchange platform tthat offers advisory firms services such as group health insurance, as well as financial back office services. The firm now has new strategic alliances with the Riskalyze, NRS and WeWork.
The new alliances enhance Chalice’s ability to connect wealth management practices with portfolio analysis, compliance support and office space providers, said Chalice.
“This host of new offerings is about building mutually beneficial relationships that create unprecedented value for independent advisors, and connecting them through our digital marketplace,” Derek Bruton, Chalice Financial Network president, said in a statement.
Riskalyze provides automated risk analysis software for independent wealth managers. NRS offers support for compliance, regulatory examinations and registration services, including consulting, technology and training solutions. WeWork provides flexible workspace in 100 cities across the country.
Advisors become members of the Chalice Advisor Exchange by paying a $99.99 monthly fee. They then receive discounts on their purchases of services available on the digital marketplace, Chalice said.