Los Angeles, California – January 21, 2015 – Wilshire Finance Partners, manager of the WFP Income Fund and WFP Opportunity Fund, announced today the formation of a strategic relationship with Succession Link.
Succession Link is an online marketplace for financial advisors who want to buy, sell or merge their businesses. The company was formed by group of leading financial professionals who have spent their careers working with advisors and recognized the need for a platform that provides assistance with the purchase and sale of advisory businesses. Succession Link is unique in that, in addition to access to available opportunities, it provides an innovative business valuation tool that is free to advisors selling their businesses and subject to a minimal subscription fee for potential purchasers.
Formed in 2008, Wilshire Finance Partners is a leader short term, alternative fixed income investments providing stable income and principal protection. Through December 31 2014, the WFP Income Fund paid investors an 8.01% net annualized return based on the income earned through a diversified loan portfolio consisting of first trust deeds and mortgages with a weighted average loan to value of 61.07%, a weighted average maturity of less than 2 years, and 0% non-performing assets.
Through its strategic relationship with Succession Link, Wilshire Finance Partners will assist in the promotion of the Succession Link platform by providing sponsorship opportunities for certain qualified registered investment advisors who are clients of Wilshire.
“We value our relationships with registered investment advisors and want to support both advisors seeking to grow their platforms as well as advisors in need of succession planning alternatives,” said Brian Lowrance, Vice President of Wilshire Finance Partners. “We are excited about the relationship with Wilshire Finance Partners and glad to see firms like Wilshire step up to support the wealth management community and their need for succession planning services,” added Phillip Flakes, Co-founder of Succession Link.
Representatives from both Wilshire Finance Partners and Succession Link will be attending the TD Ameritrade National LINC conference January 29th and 30th 2015 in San Diego, California.
About Wilshire Finance Partners and the WFP Income Fund
Wilshire Finance Partners, Inc. (Wilshire) specializes in real estate finance and investments and is the manager of the WFP Income Fund, LLC (Income Fund) and the WFP Opportunity Fund, LLC (Opportunity Fund and collectively with the Income Fund, the Funds). The Income Fund invests in a diversified pool of residential, multifamily, and commercial real estate related short-term bridge loans secured by first trust deeds and mortgages. The Opportunity Fund invests in a diversified pool of residential, multifamily, and commercial real estate related short-term bridge loans, participating loans, real estate joint ventures, and direct real estate investments. Wilshire commenced operations in January 2008 and launched the Income Fund and Opportunity Fund in September 2013. Each of the Funds is managed by Wilshire, which maintains two sales and operations offices in California.
About Succession Link
Succession Link is an online marketplace for financial advisors who want to buy, sell or merge their practices. It also offers assistance with the transaction process and provides an innovative business valuation tool. Succession Link’s service is unique in that no fee is charged to selling advisors, and buyers only pay a minimal subscription fee. Succession Link was founded by a group of leading financial professionals who have spent their careers working with advisors.
|Wilshire Finance Partners, Inc.
Donald H. Pelgrim, Jr.
Chief Executive Officer
|Succession Link, LLC
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