Choreo Closes Acquisition of Enso Wealth Management

Choreo, LLC ("Choreo" or "the firm") yesterday completed the previously announced acquisition of Enso Wealth Management ("Enso") a Petaluma, California-based firm with approximately $1.8 billion in assets under management.

The deal – Choreo's second acquisition since launching as a standalone organization last year – enhances its presence in Northern California and Nevada, and increases the firm's assets under management or advisement to approximately $14.5 billion. On January 3, Choreo also announced the completion of the acquisition of Cherry Bekaert Wealth Management, which added approximately $1 billion in assets under management and advisement.

The acquisition of Enso greatly strengthens Choreo's ability to provide clients with a wide array of planning and advisory services, according to Larry Miles, CEO of Choreo.

Enso's 13 advisors and nine support staff now work under the Choreo brand as Jim DeCota, Enso's co-founder and President, assumes the role of Managing Director. The team will continue to provide individualized investment advice to clients through its Comprehensive Portfolio Management service, as well as provide general investment advice through its Financial Planning & Consulting and Pension Consulting services.

"We are thrilled to become part of Choreo," said Mr. DeCota. "Larry and his team have built the infrastructure and support tools to allow our advisors to flex their entrepreneurial muscles and pursue innovative ways to help our clients plan for the future and reach the important financial milestones in their lives."

Besides Enso Wealth Management and Cherry Bekaert Wealth Management, Choreo also announced an agreement late last year to acquire GreerWalker Wealth LLC.

(Source: PR Newswire)