About Our Firm
Our Company
Chancellor Financial serves Orland Park, IL, and the surrounding communities, built on the belief that strong client commitments and lifelong relationships are the true tenets of success. We provide investors with custom-tailored strategies designed to meet both short- and long-term objectives, ensuring you achieve the clarity and security you deserve at every stage of life. By prioritizing lasting partnerships over transactions, we empower you to navigate today’s complex financial world with a plan customized to fit your individual, family, and business needs. At Chancellor Financial, our goal is to help you realize your financial dreams through a foundation of trust and expert guidance.
Our Team
Karen Prescia Dowling
CEO / President
Karen is the CEO and President of Chancellor Financial Services, Inc., where she serves as an Investment Advisor for her own Registered Investment Advisory (RIA) firm. She earned her Bachelor’s in Accounting from Loras College in Dubuque, Iowa, and her Master’s in Business Administration (MBA) from the University of Nevada, Las Vegas. Karen also leads Dowling Legacy & Retirement, Inc., as a Licensed Life & Health Insurance Agent and a Certified Estate Planner (CEP).
With over 35 years as an accountant and 30 years as a business consultant, Karen has helped everyone from local small businesses to Fortune 500 companies find their financial footing. Today, she uses that deep technical experience to serve where it matters most: with individuals and families. Her training as a Certified Life Coach serves as a bridge, allowing her to guide clients through life’s most significant shifts with both precision and a genuine heart for people. She stands beside you during your most exciting milestones—celebrating a new marriage, preparing for the birth of a child, or navigating the proud transition of sending a student off to college.
Karen understands that financial planning is a lifelong evolution, not just a series of transactions. She is a dedicated partner for every chapter, providing the clarity needed when managing the shift from wealth accumulation to preservation, or finally stepping into a well-earned retirement.
At the heart of Karen’s work is a simple truth: your financial plan should be as unique and vibrant as the life you’ve built. She is deeply passionate about protecting what you love and ensuring your hard work builds a lasting legacy for the people who matter most. Her mission is to help you reach a retirement filled with joy, giving you the freedom to focus on making memories and living your most inspired life
Check the background of this financial professional on FINRA’s BrokerCheck FINRA”S BrokerCheck
Chancellor J. Lastra
Financial Advisor / VP of Business Development
Chancellor J. Lastra is a financial advisor and serves as the Director of Marketing for Dowling Legacy & Retirement. A licensed insurance agent, Chance is also sitting in for his Series 65 securities license. He earned his undergraduate degree from Arizona State University and his Masters from University of Nevada, Las Vegas. A born-and-raised Las Vegas native, Chance has a marketing & business background and experience in a variety of diverse industries. More recently, his experience in the sports & entertainment industry as a basketball coach for the Runnin’ Rebels of UNLV as well as the Dallas Mavericks in the NBA has played a pivotal role in the firm’s growth by helping to manage high-net worth clients’ and their families’ wealth.
