Chicago-based independent RIA Choreo has announced some senior leadership appointments including a new chief investment officer.
The $24.6 billion firm has named Matthew Gotlin as its new CIO. Based in Columbia, Maryland, he joined the firm last November as part of its acquisition of BDO USA’s affiliated wealth management business, where he was managing director and CIO.
"As we went through the process of successfully integrating the affiliated wealth management business of BDO USA into the larger Choreo organization, it quickly became clear Matt would be the ideal person to lead our growing investment team," said Larry Miles, Choreo's CEO. "His experience as both a wealth manager and investment strategist, combined with his dedication to providing the highest level of analytical research, will prove invaluable to our advisor and client community, helping them to better understand emerging investment trends in both the public and private markets."
Gotlin’s previous industry experience includes director of research for Biegel & Waller in Washington, D.C., and co-founding March Capital, a private equity firm focused on the lower middle market.
"By expanding our investment research capabilities under Matt's leadership, we further solidify our position as a technology-enabled wealth management firm rooted in sound financial and tax planning principles,” Miles added. “I'm excited Matt will continue to serve as a key member of our leadership group and cannot wait to see what he and his team can accomplish on behalf of our advisors and their clients."
As well as a new CIO, Choreo has four other new senior leaders.
Jim Waller and Stephen Eldridge become regional vice presidents of business development; Jeff Brewer is the new vice president of advisory services, and Browning Mank is now vice president of CPA partnerships.
Plus, a $400 million Commonwealth team departs to launch an independent family-run RIA in the East Bay area.
The collaboration will focus initially on strategies within collective investment trusts in DC plans, with plans to expand to other retirement-focused private investment solutions.
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