Chalice Wealth Partners Announces the Sale of Chalice Capital Partners and Chalice Wealth Advisors to Kingswood Holdings Limited

SAN DIEGO, May 12, 2020 /PRNewswire-PRWeb/ -- Chalice Wealth Partners, a fintech holding company of Chalice Network, Chalice Financial Technology, and Succession Link proudly announced today the closing and sale of the broker-dealer and RIA subsidiaries to Kingswood Holdings Limited.

The occasion marks another milestone for Chalice and their realization as a pure fintech and PaaS (Platform as a Service) company, further enabling them to offer their powerful platform and membership benefits to the financial services community at large.

"We have been blessed with proving out the many benefits and attractiveness of the Chalice platform and our digital marketplace to thousands of advisors," said Keith Gregg, founder and CEO of Chalice. "Our team, strategic partners, and member community take great pride in providing tremendous savings and discounts on much needed products and services to assist our members and clients with running their advisory or brokerage business. Our mission is to deliver affordable and convenient access to a digital marketplace where the best of everything an advisory firm needs to run, grow, protect, and monetize their business is offered at a discounted price. We are accomplishing this, in major part, by delivering three things: economies of scale from our 53,000+ member community, operational efficiency from our API connectivity and PaaS, and enhanced enterprise value through margin expansion. With the closing of this sale, we continue to sharpen our focus on championing and winning the battle for independent financial services business owners."

Chalice Capital Partners, Chalice Wealth Advisors, and Kingswood affiliated companies will become enterprise clients of the Chalice Network and continue to receive the many benefits of the Chalice digital marketplace, including access to Chalice Network's affordable group health insurance.

About Chalice
Chalice is a digital marketplace (PaaS – Platform as a Service) with a community of 53,000+ SMBs consisting of financial advisors, RIAs, IBDs, CPAs, insurance agents, attorneys, and allied financial services professionals. Chalice was purposely built to give SMBs economies of scale, operational efficiency, and enhanced enterprise value through the largest digital community and SSO technology platform. Visit http://www.chalicenetwork.com for more information.

SOURCE Chalice Network