The latest deals and transactions in and around North American wealth management.

Choreo, a US wealth firm, has agreed to buy GreerWalker Wealth, an entity affiliated with GreerWalker LLP. 

Additionally, Choreo and GreerWalker LLP will enter into a strategic partnership to boost their business growth, a statement from the firms said earlier this week.

Following the agreement, Choreo will acquire a firm with about  $275 million in assets under management.  GreerWalker is based in the US Southeast.

The move should raise Choreo’s total assets under management and advisement to approximately $14.8 billion. As of April this year, that figure stood at $11.8 billion – there have been subsequent M&A deals since then. Enso Wealth Management and Cherry Bekaert Wealth Management, both acquired, are expected to add $2.8 billion in assets under management when those transactions are closed.

The GreerWalker transaction is expected to close in the first quarter of 2023, pending satisfaction of customary conditions. Terms of the transaction were not disclosed.

The latest announcement represents the third acquisition by Choreo since Parthenon Capital, together with Choreo management and advisors, bought the company from one of the largest CPA and professional services firms in the country in February this year.