New York, NY – April 21, 2025 – Earned Wealth, a leading tech-enabled financial services firm created specifically for doctors, their families, and their practices, today announced the acquisition of Chahal & Associates, a premier tax and accounting firm based in Hercules, California with a strong client base of ~2,200 doctors, business owners and high-net-worth professionals. This strategic move strengthens 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 transaction represents Earned’s second acquisition in the past year since its 2024 growth investment of $200M from Summit Partners and Silversmith Capital Partners, expanding its tax planning and accounting resources and reinforcing its position as the premier one-stop shop for doctors’ financial needs. 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 through a seamlessly integrated platform and manages over $2.3B in assets under management.

"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," said John Clendening, CEO of Earned. “By welcoming Chahal & Associates into the Earned family, we take another step toward making that vision a reality, and we’re just getting started.”

For Navjeet Chahal, Founder and CEO of Chahal & Associates, the decision to join Earned was clear. 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.

"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," said Navjeet Chahal, who will remain with Earned as a Managing Director.

The acquisition exemplifies how Earned is redefining the M&A landscape for tax and accounting  firms, offering firm owners a path to propel growth, enhance their client services and technology, and secure long-term success — all while staying true to their mission of helping doctors build and protect wealth tax-efficiently.

Earned’s M&A strategy isn’t stopping here. As it continues its rapid expansion, the company is actively seeking additional tax and accounting firms, insurance firms, RIAs, and other financial service providers with strong doctor client bases.

"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," said Clendening. “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.”

About Earned

Earned Wealth is the first fully comprehensive wealth and tax firm designed specifically for doctors, their families, and their practices. By integrating individual solutions – including wealth management and tax preparation – as well as practice and enterprise solutions including retirement, tax and accounting, and payroll, Earned helps medical professionals build their wealth more efficiently to achieve their financial goals. The company’s comprehensive approach delivers proactive solutions for every stage of a doctor’s career. Earned is backed by Summit Partners, Silversmith Capital, Juxtapose, Hudson Capital and Breyer Capital.  To learn more, visit www.earned.com.

About Chahal & Associates

Chahal & Associates is a leading tax planning and accounting firm based in Hercules, California with a specialized focus on serving healthcare professionals. The firm provides tax planning, accounting, payroll and financial consulting to doctors and high-net-worth individuals, helping them navigate the complexities of wealth accumulation and tax efficiency.

Earned Contact:

Joy Lai

joy.lai@earnedwealth.com

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