Investment bank launches digital loan platform for advisers

SkyView Partners says 16 banks currently have access to online marketplace

Mar 14, 2019 @ 11:54 am

By InvestmentNews

An investment banking firm that specializes in the independent adviser market has launched a digital marketplace for banks that want to lend money to advisory firms.

(More: Thinking about selling your firm? 5 ways to prepare)

Wayzata, Minn.-based SkyView Partners, formerly known as Succession Lending, said its offering, Lender Marketplace, will provide banks with "increased transparency regarding loan flow" typically used in mergers and acquisitions and succession planning.

Currently, 16 commercial banks and two investment banks have access to Lender Marketplace, the firm said in a release.

(More: Veteran adviser locks down a succession plan that lets him stay involved)

SkyView said the service, which it claims is the first digital lending platform for the advisory business, gives bank partners access to redacted information on advisory firm credit memoranda that are ready to fund. After reviewing the data, each lender can request a full credit memorandum. Once an applicant reaches an agreement with a lender, a term sheet is executed and the applicant enters an underwriting exclusivity period.


What do you think?

View comments

Most watched


Finding innovation in your firm

Adam Holt of AssetMap explains how advisers understand they need to grow, but great innovation may be lurking right under your nose.


Finding your edge from Tony Robbins

Guru Tony Robbins has helped a lot of people, but armed with his psychology Financial Advisor Josh Nelson has helped his practice soar.

Latest news & opinion

How to battle sequence-of-returns risk

Retiring during the longest-running bull market in history can be scary, as some begin to wonder when the good times will end.

Tony Robbins loses role with RIA amid charges of sexual misconduct

String of allegations costs the self-help guru his gig as chief of investor psychology at Creative Planning.

SEC sets June 5 date for vote on Regulation Best Interest

Commission adds new item to agenda: Interpretation of broker guidance that qualifies as advice

House passes SECURE retirement bill with massive bipartisan support

The measure allows small employers to band together to offer plans and raises the RMD age. Another provision eases use of annuities in 401(k)s, which critics say goes too far

10 IBDs with the most annuity revenue

Here are the independent broker-dealers that brought in the most annuity revenue last year.


Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting It'll help us continue to serve you.

Yes, show me how to whitelist

Ad blocker detected. Please whitelist us or give premium a try.


Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print