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powering the system load while charging the battery

Other Parts Discussed in Thread: BQ24620, BQ24620EVM

We are using the bq24620 charge IC on a 1s2p battery pack. In the datasheet, charge termination occurs in CV mode when the charge current drops below Icharge/10.

If our system is as follows:

[wall wart AC/DC 19V] - [bq24620evm] - [1s2p battery pack] - [3V3 B\B reg] - [1 W system load]

If our system load is > Icharge/10 then the charger will think the battery still needs charging and charge termination won't occur until the 5 hour time out is reached correct?

Is there a charger or charge circuit that is "smart" and will allow the charging of the battery while powering the system load without the use of multiple regulators?