CoreLink Resources, a fledgling player in the business of marketing investment products through banks, has more than doubled its client base by purchasing rival Chandler/Burdt.

CoreLink, which is 50% owned by Concord Holding Corp., the big fund distributor, is pushing hard to tap the community bank market. With the acquisition, which was completed Wednesday, the company will have a client roster of 25 banks with average assets of $200 million.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.