Investment bank launches digital loan platform for advisers

Investment bank launches digital loan platform for advisers
SkyView Partners says 16 banks currently have access to online marketplace.
MAR 14, 2019

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.

Latest News

American Express to make job cuts as AI revolution ramps up
American Express to make job cuts as AI revolution ramps up

“We needed to become a more agile and efficient organization,” said American Express CEO Stephen Squeri.

SEC’s 2027 exam priorities put RIA conflicts and cyber risks in focus
SEC’s 2027 exam priorities put RIA conflicts and cyber risks in focus

Examiners will scrutinize fee conflicts, complex products and super intelligence threats as broker-dealers face fresh Reg BI and AML reviews

Fintech bytes: SEI, FinTurk and Powerlytics unveil new advisor tools
Fintech bytes: SEI, FinTurk and Powerlytics unveil new advisor tools

New launches tackle succession planning, AI-driven email management and heir retention ahead of the great wealth transfer

Private equity is knocking. Who should be in your corner?
Private equity is knocking. Who should be in your corner?

For sellers weighing PE deals, due diligence shouldn't end with the offer on the table – the acquiring platform and the M&A advisor deserve a hard look as well.

Freehold Wealth Management brings $576M to Osaic in multigenerational move
Freehold Wealth Management brings $576M to Osaic in multigenerational move

South Carolina estate planning firm joins Osaic’s IBD network, citing succession planning tools and multigenerational growth resources.

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor