Choreo LLC Acquires Wealth Management Business of BDO USA
Choreo LLC, a company that provides investment advisory services, financial planning and other wealth management services to individuals and businesses, announced it has acquired the affiliated wealth management business of BDO USA.
In addition, Choreo will become an independent member of the BDO Alliance USA Business Resource Network (BRN) with opportunities to serve BDO USA, its clients and BDO Alliance USA members and clients. The transaction closed on Oct. 31, 2023.
By bringing approximately $8.1 billion in assets under management or advisement to Choreo, this acquisition represents the fourth expansion of Choreo’s footprint and “increases the firm’s total AUM/AUA to approximately $23.2 billion.” The acquisition also adds seven new locations to Choreo’s national network of more than 40 markets across the country.
“One of our long-term goals is to be the preferred wealth provider to the tax professional community. The addition of BDO USA’s affiliated wealth management business is an important step in that direction,” said Larry Miles, chief executive officer of Choreo. “Our membership in BRN combined with integrating the knowledge and experience of their business will help us with our mission of translating wealth into fulfillment for our clients and their communities.”
Choreo says clients will continue working with the professionals they know and trust, receiving the same financial planning and wealth advisory services. Under the Choreo brand, BDO USA’s affiliated wealth management team will continue to serve clients through its existing locations after closing.
Choreo LLC is a limited liability company that provides investment advisory services, financial planning and other wealth management services to individuals and businesses. Choreo LLC is an SEC registered investment adviser that serves over 6,000 families with approximately $15.1 billion of assets under management or advisement, as of April 2023.
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