Choreo, a Chicago-based registered investment adviser with $11.8 billion in assets, has agreed to acquire Enso Wealth Management, a Petaluma, California-based RIA with approximately $1.8 billion in assets, in a deal that expands Choreo's West Coast footprint.
Enso has 13 advisers and nine support staff, who will work under the Choreo brand once the transaction is completed.
Jim DeCota, Enso’s co-founder and president, will assume the role of managing director, Choreo said in a release.
In February, Choreo’s management team, a group of its advisers and Parthenon Capital purchased the company from RSM US, a large CPA firm.
The deal for Enso is Choreo's first as an independent company. The purchase, the terms of which were not disclosed, is expected to close before the end of the year.
Global survey reveals tailwinds for active ETFs and alternative strategies, plus a turning point in cost-conscious investing.
Leaders at Five Eleven Partners and Johnson Investment Counsel speak out on the costs of consolidation, the pros and cons of PE, and how they're planning ahead for clients and advisors.
The top-ranked IBD giant is looking to bolster its workforce with thousands of new independent advisors, representatives, and interns.
The restrictions on certain money-market products mark the latest development in the ongoing turf war between ETFs and mutual funds.
Up to 700 employees have reportedly accepted the Trump administration's $50,000 incentive, raising questions about the agency's ability to function in the future.
In an industry of broad solutions, firms like intelliflo prove 'you just need tools that play well together'
Blue Vault Alts Summit highlights the role of liquidity-focused funds in reshaping advisor strategies