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.
Todd Bryant of Signature Wealth Partners on vanishing pensions, SECURE Act 2.0, and what clients really want to know.
Merrill's latest hires span Colorado to Louisiana, even as industry-wide recruiting data suggests the firm is losing almost as many advisors as it gains.
The $36 million buy allegedly hid inflated books and a $50 million diversion.
“An award citing emotional distress is very unusual,” an industry executive said.
New EBRI research found workers who participated in employer financial education reported higher confidence, literacy and financial satisfaction.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
