Choreo, a Chicago-based RIA that oversees more than $24 billion for more than 7,200 households and almost 100 institutional investors, has tapped the CIO of a recent acquisition to lead an expanded investment team.
A CFA based in Columbia, Md., Matthew Gotlin joined Choreo from BDO USA when Choreo acquired her wealth management business and more than $8 billion in client assets in the fall. He will lead a research and investment team focused on creating tax efficient strategies with access to public and private markets.
According to Choreo CEO Larry Miles, Gotlin stood out as the “ideal person” to lead the expanded team during the integration process of the 33-person BDO team.
“His experience as a wealth manager and investment strategist, combined with his dedication to providing the highest level of analytical research, will be invaluable to our community of advisors and clients, helping them better understand trends new investments in both public and private markets,” he said in a statement.
Prior to joining BDO, where he also held the title of managing director, Gotlin led research for Biegel & Waller, a Washington, DC firm managing approximately $500 million. Prior to that, he co-founded a private equity firm focused on lower middle market opportunities called March Capital.
“I believe we will bring significant value to Choreo clients by providing solutions that will help advisors navigate the public market while helping to enhance the firm's capabilities within the private market arena,” said Gotlin.
The news follows a number of other top talent moves at Choreo. Last weekthe firm announced that it added two business development officers, a vice president of consulting and a vice president of CPA partnerships to its senior management team.
Choreo partners with CPA firms in four ways through its Choreo Partner Alliance program: sharing real estate, sharing revenue, providing education to CPA firm employees, and giving them an equity stake in the RIA. Acquired firms may benefit from some or all of the components.
Choreo was created in 2022 when private equity group Parthenon Capital spun off accounting firm RSM's wealth management business. signature made the first deal that November, when it bought Enso Wealth Management in California for $1.8 billion and announced two more before the end of the year that added another 1.275 billion dollars. of BDO USA acquisition it was her fourth.
Serving more than 7,000 households and almost 100 institutional investors, Choreo now consists of 225 employees, including 129 advisors, working from 47 offices across the country.
“By expanding our investment research capabilities under Matt's leadership, we further strengthen our position as a technology-enabled wealth management firm rooted in sound financial and tax planning principles,” said Miles.