Choreo Acquires Assets of $700M Business Planning-Focused RIA

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Choreo, the registered concern advisor created successful 2022 erstwhile backstage equity radical Parthenon Capital lifted retired the wealthiness absorption concern of accounting steadfast RSM, has acquired the assets of Resource Financial Group, a Wilmette, Ill.-based RIA with astir $700 cardinal successful assets.

Resource Financial Group consists of an eight-person team, specializing successful helping concern owners and families with concern transitions, liquidity events and retirement. The steadfast is led by Peter M. Maris, founding partner, and Brian Pugal, partner. They're joined by a six-person lawsuit work squad led by Alexandra Moise.

Maris founded the steadfast successful 1996, portion Pugal joined successful 2002.

This is the latest successful a bid of deals for Choreo this year, since Jason Van de Loo took implicit arsenic CEO past July. It follows the acquisitions of affiliated RIAs Northeast Financial Group and Herbein Financial Group, and Insight Wealth Strategies, adding astir $2 cardinal successful AUM successful 2026 truthful far.

"Peter and Brian person built a terrific concern and earned heavy spot by helping clients link concern readying with status and succession to sphere wealth," Van de Loo said successful a statement. "The firm's enactment with intimately held businesses successful the Chicago country and beyond strengthens our quality to enactment teams that bash analyzable readying enactment for builders of these kinds of unsocial enterprises and companies astir the country."

Over the past respective years, Choreo has been gathering retired its CPA spouse program, the Choreo Partner Alliance, chiefly by buying RIA subsidiaries of CPA firms. That includes RSM, Cherry Bekaert Wealth Management, GreerWalker Wealth and the wealthiness absorption concern of BDO USA. Choreo is besides partnering with a fig of CPAs that person not sold their RIAs to the firm.