Earned Wealth, a tech-enabled financial services firm created specifically for doctors, their families, and their practices, announced the acquisition of Chahal & Associates, a premier tax and accounting firm based in Hercules, California, with a client base of about 2,200 doctors, business owners, and high-net-worth professionals.
This deal enhances Earned’s position as the preferred financial partner for healthcare professionals and preferred acquirer for accounting, tax, registered investment advisors (RIAs), and insurance firms looking to scale by joining the most comprehensive doctor-focused financial platform.
This deal represents Earned’s second acquisition in the past year since its 2024 growth investment of $200 million from Summit Partners and Silversmith Capital Partners, expanding its tax planning and accounting resources. And Earned now works with over 5,500 doctors, practices and medical enterprises delivering wealth management, investments, retirement plans, tax compliance and planning, accounting, and payroll, all with a seamlessly integrated platform and manages over $2.3 billion in assets under management.
Navjeet Chahal, Founder and CEO of Chahal & Associates, noted that the the decision to join Earned was clear. And after years of successfully serving doctors’ tax and accounting needs, he recognized the opportunity to deliver even greater value to his clients through an integrated wealth management and tax approach.
The deal exemplifies how Earned is transforming the M&A landscape for tax and accounting firms, providing firm owners a path to propel growth, enhance their client services and technology, and secure long-term success. And Earned’s M&A strategy isn’t stopping here as it continues its rapid expansion. The company is seeking additional tax and accounting firms, insurance firms, RIAs, and other financial service providers with strong doctor client bases.
KEY QUOTES:
“Our vision is to be the only financial partner a doctor will ever need — helping them maximize their wealth, protect their income and assets, optimize taxes, and navigate complex financial decisions throughout their demanding careers. By welcoming Chahal & Associates into the Earned family, we take another step toward making that vision a reality, and we’re just getting started.”
“Chahal & Associates is a perfect fit for our model — an established healthcare-focused firm that wants to elevate their client experience while unlocking exceptional business growth. We provide an accelerated pathway to scale through cutting-edge technology, cross-service opportunities, and deep expertise in complex financial planning that can help established firms readily pursue new opportunities on behalf of their trusted clients.”
John Clendening, CEO of Earned
“Doctors face unique financial challenges, and Earned’s comprehensive platform provides the next level of support they need. I wanted to ensure my clients had access to a broader range of solutions that will help them build and protect their wealth for years to come. What’s really sealed it for me was Earned’s relentless focus on delivering standout client service-it’s exactly how we’ve always done business.”
Navjeet Chahal, who will remain with Earned as a Managing Director
