Chalice Financial Network Partners With Riskalyze, NRS And WeWork To Enhance Technology And Business Solutions For Advisors

Chalice Financial Network Partners With Riskalyze, NRS And WeWork To Enhance Technology And Business Solutions For Advisors
The Siliconreview
15 May, 2019

CFN Members Gain Access to Discounts on Full Suite of Riskalyze Services, Encompassing Autopilot Trading, Riskalyze Retirement Solutions, Compliance Cloud and More

Strategic Alliance with NRS Provides Independent Financial Advisors with Robust Support for Compliance, Regulatory Exam and Registration Services

WeWork Enables Flexible Month-to-Month Office Space Arrangements for Practices Looking to Test New Markets Before Signing a Long-Term Lease

Chalice Financial Network™ ("Chalice," "CFN" or "the firm"), a first of its kind Software-as-a-Service (SaaS)-based member-benefit organization for independent financial advisors, today announced new strategic alliances with the industry-leading platforms Riskalyze, NRS and WeWork, which greatly enhance CFN's ability to connect wealth management practices with the best portfolio analysis, compliance support and office space providers on the market.

Derek Bruton, the President of Chalice Financial Network, said, "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, the Chalice Advisor Exchange™ (CAEx). We chose to partner with Riskalyze as our exclusive choice in the risk analysis category because growth-oriented advisors need access to the most advanced tools that allow them to manage client portfolios safely and at scale. Our alliance with NRS reflects our belief that advisors benefit from the strongest options available to align with rules and regulations efficiently, while adding WeWork demonstrates our commitment to supplying business enterprise solutions that advisors sorely need."

Advisors who pay the $99.99 monthly fee to be CFN Members can then receive discounts on their a la carte purchases of services available on the CAEx digital marketplace. Through this most recent series of partnerships, CFN Members can gain discounted access to:

  • Riskalyze: The leader in automated risk analysis software for independent wealth managers offers Chalice Members popular tools including Autopilot for automating trades across client accounts, Riskalyze Retirement Solutions for 401(k) planning, and Compliance Cloud for the changing fiduciary landscape.
  • NRS: The provider of comprehensive support for compliance, regulatory exam and registration services for RIAs, broker-dealers and investment companies offers Chalice Members three tiers of service – Basic, Premium and Plus – that includes consulting, technology and training solutions.
  • WeWork: The provider of flexible workspace solutions in more than 100 cities worldwide offers Chalice Members state of the art office space on a month-to-month basis, allowing advisors to instill confidence in clients with impressive surroundings, while testing new markets before signing a long-term lease.

Aaron Klein, Co-Founder and Chief Executive Officer at Riskalyze, and a member of the Chalice Advisory Board, said, "We're excited for Riskalyze to be a part of the incredible value proposition for the advisors joining the Chalice Financial Network. Thanks to Chalice, the economies of scale that a billion dollar firm can achieve are accessible to $50 to $250 million advisors. Riskalyze has served that kind of advisor for its entire history, and we look forward to expanding that through this partnership with CFN."

John Gebauer, President of NRS, said, "Abiding by compliance requirements is a crucial function for any financial advisor practice. NRS is excited to partner with Chalice to make this absolutely imperative set of services available to Members. We look forward to a fruitful collaboration as we help advisors raise their compliance capabilities to the next level."

Mac McCann, WeWork Senior Program Manager, said, "Having an inspiring workplace is an important step for any business seeking to connect with clients and employees. At WeWork, we aim to build communities that allow companies of all shapes and sizes to grow their networks and ultimately build their businesses. Chalice Members are exactly the kind of business owners we want to help, and we look forward to welcoming many of them into the WeWork community."

Mr. Bruton concluded, "Chalice is overjoyed that Riskalyze, NRS and WeWork see the benefits of becoming our partners. These alliances, along with our other great services such as steeply discounted group health insurance for your entire team, are the latest signs that the Chalice Financial Network is fast growing into a major solutions provider for independent financial advisors of all types who run their own businesses."