Financial services company Earned Wealth has acquired Chahal & Associates, a tax planning and accounting operation, expanding its tax-smart financial services for healthcare professionals.

The financial terms of the deal have not been disclosed.

Based in Hercules, California, Chahal & Associates focuses on serving healthcare professionals.

The company provides tax planning, accounting, payroll and financial consulting services.

Its client base includes approximately 2,200 doctors, business owners and high-net-worth individuals.

In conjunction with the acquisition, Chahal & Associates founder and CEO Navjeet Chahal will join Earned as a managing director.

Chahal said: “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 has really sealed it for me was Earned’s relentless focus on delivering standout client service – it is exactly how we have always done business.”

This is Earned’s second acquisition in the past year following a $200m investment in 2024 from Summit Partners and Silversmith Capital Partners, expanding its tax planning and accounting resources for doctors.

With this acquisition, Earned will serve more than 5,500 doctors, practices and medical enterprises, providing accounting, investments, payroll, retirement plans, tax compliance and planning, and wealth management through an integrated platform.

The company manages more than $2.3bn in assets under management.

Earned CEO John Clendening said: “Our vision is to be the only financial partner a doctor will ever need – helping them maximise their wealth, protect their income and assets, optimise taxes and navigate complex financial decisions throughout their demanding careers.”