Chalice Financial Network™, a first of its kind Software-as-a-Service (SaaS)-based member-benefit organization for independent financial advisers, announced the launch of its Reg-BI Readiness Platform.
The new platform has been designed to help Chalice’s independent financial adviser members under the new regulatory environment being shaped by the latest requirements of the Securities and Exchange Commission (SEC).
Keith Gregg, the founder and CEO of Chalice Financial Network, said, “Our Reg-BI Readiness Platform enables independent business owners across the wealth management industry to not only better grasp their fast-changing regulatory obligations but to have the best tools and support services at their disposal to fulfill them. At the core of this cutting-edge platform are Chalice’s strategic alliances with Kupfer & Associates and NRS. These leading third-party solutions providers are offering discounted access to their services for our advisor members, while working closely with Chalice’s internal assets to deliver educational and business support resources that can position independent financial advisors to be as ‘Reg-BI Ready’ as possible. This new platform is just the latest example of how Chalice helps its adviser members consistently stay one step ahead of important industry trends.”
Kupfer & Associates, PLLC, led by attorney, professional speaker and business consultant Corey Kupfer, has assisted hundreds of RIA firms and industry service and aggregator platforms on strategy, negotiations and deal-making. Chalice Members who work with Kupfer & Associates can receive:
- Industry-specific guidance on potential legal repercussions of Reg-BI
- Referrals to trusted professionals with unique insight on SEC actions
- Strategic considerations for maximizing business growth amid new regulations
- Reg-BI compliance due diligence in connection with acquisitions, tuck-ins and advisor on-boarding deals.
NRS, the provider of comprehensive support for compliance, regulatory exam and registration services for RIAs, broker-dealers and investment companies, offers Chalice Members a discount of at least 20 percent off NRS Consulting Compliance Professional services, including:
- Workflow tools to support the requirements of Reg-BI and Form CRS
- Consultative advice during implementation
- Highlights of new developments at the NRS Fall Compliance Conference
Chalice Members can purchase any of these services a la carte depending on their specific needs within the Reg-BI Readiness Platform.
Gregg concluded, “Advisers should not be lulled into complacency by the SEC’s June 2020 compliance date for Reg-BI. Just as the savers and investors of America deserve to receive financial advice in their best interest, independent business owners offering that advice deserve the best guidance and support on all related legal, regulatory and compliance issues. Chalice’s Reg-BI Readiness Platform solves for that need.”
