![]() ![]() As of April 30, 2022, $9.5B constitutes Choreo's regulatory assets under management, with an additional $2.3B in assets under advisement related to holdings of clients for which we provide aggregated reporting, financial planning, wealth management consulting, retirement plan consulting and advisory services, and/or similar services. Vedder Price is serving as legal counsel to Choreo.ġApproximate post-close number. Turkey Hill Management and Faegre Drinker are serving as financial advisor and legal counsel, respectively, to Enso. Terms of the transaction were not disclosed. The parties are expected to complete the acquisition before year end. Parthenon Capital is a leading, growth-oriented private equity firm with a long track record of building franchise companies in the wealth management sector. In February 2022, Choreo's management team, a group of its advisors and Parthenon Capital purchased the company from RSM US LLP, one of the country's largest CPA firms. I'm excited to see what we can accomplish together moving forward." "While I am enormously proud of what we have achieved over the years, joining forces with Larry and the Choreo team will provide us with the tools, resources and expertise that will allow us to serve our clients better than ever before and take our business to the next level. "Speaking on behalf of everyone at Enso Wealth Management, we are delighted to be joining Choreo," said Mr. Once the agreement is completed, all will work under the Choreo brand, with Jim DeCota, Enso's co-founder and President, assuming the role of Managing Director. Last month, Barron's listed Choreo as one of the country's top 100 RIA firms 2.Įnso has 13 advisors and nine support staff. ![]() It also represents the firm's first acquisition since its launch as a standalone organization earlier this year. The move expands Choreo's footprint in Northern California and Nevada, where Enso also has a presence, increasing the firm's assets under management to approximately $13.5 billion 1. We're just getting started, with this being only the first in a series of deals we expect to complete in the coming months." "Given the strong cultural alignment between our two firms, I am confident that together we will be successful in uplifting our clients, their families and their communities. "I am thrilled to welcome Enso Wealth Management to Choreo," said Larry Miles, Choreo's CEO. 3, 2022 /PRNewswire/ - Choreo, LLC ("Choreo" or "the firm") – an independent registered investment adviser (RIA) focused on designing and building financial solutions that improve the well-being of clients, their families and the communities where they live – today announced that it has agreed to acquire Enso Wealth Management ("Enso"), a Petaluma, California-based firm with approximately $1.8 billion in assets under management. California-based Wealth Manager with Approximately $1.8 Billion in Assetsĭeal Marks First Expansion for Choreo as a Standalone CompanyĬHICAGO, Nov.
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