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Financial Advisory  + Direct Investment  + M&As  + RIAs & Financial Advisors  + Wealth Management  | 
Parthenon-backed Choreo to Acquire RIA Enso Wealth Management for $1.8B

Parthenon-backed Choreo to Acquire RIA Enso Wealth Management for $1.8B

Choreo, an independent registered investment advisor based in Minneaoplis and backed by private equity firm Parthenon Capital Partners, will buy Enso Wealth Management, a California-based RIA firm, for approximately $1.8 billion.

The deal is expected to close by the end of the year.

This is the first acquisition for Choreo since becoming a standalone company in February, when Parthenon Capital acquired the wealth management arm of RSM, a top five accounting firm.

A team of 22 employees from Enso will add to Choreo’s existing base of 28 offices nationwide managing $13.5 billion in assets. Jim DeCota, Enso co-founder and president, will serve as managing director.

Barron’s listed Choreo as one of the country’s top 100 RIA firms for 2022.

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Choreo, LLCEnso Wealth Management

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.