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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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Inside The Story

Choreo, LLCEnso Wealth Management

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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