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.
New Allspring research finds 401(k) participants want guidance on income and rollovers, not just portfolio automation.
Aging homeowners hold record housing wealth - but most advisors still aren't bringing it into retirement plans
$1.7M invested from an inheritance. Then the phone went dead.
The pre-IPO platform sold $430M in units while allegedly rigging prices behind the scenes.
A Nationwide survey finds 47% of GLP-1 users have never discussed the drugs’ financial impact with an advisor, even as many dip into savings.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
