Choreo Acquires Illinois RIA With $700M in Assets
Choreo, the registered investment advisor created in 2022 when private equity group Parthenon Capital lifted out the wealth management business of accounting firm RSM, has acquired the assets of Resource Financial Group, a Wilmette, Ill.-based RIA with about $700 million in assets.
Resource Financial Group consists of an eight-person team, specializing in helping business owners and families with business transitions, liquidity events and retirement. The firm is led by Peter M. Maris, founding partner, and Brian Pugal, partner. They’re joined by a six-person client service team led by Alexandra Moise.
Maris founded the firm in 1996, while Pugal joined in 2002.
This is the latest in a series of deals for Choreo this year, since Jason Van de Loo took over as CEO last July. It follows the acquisitions of affiliated RIAs Northeast Financial Group and Herbein Financial Group, and Insight Wealth Strategies, adding about $2 billion in AUM in 2026 so far.
“Peter and Brian have built a terrific business and earned deep trust by helping clients connect business planning with retirement and succession to preserve wealth,” Van de Loo said in a statement. “The firm’s work with closely held businesses in the Chicago area and beyond strengthens our ability to support teams that do complex planning work for builders of these kinds of unique enterprises and companies around the country.”
Over the last several years, Choreo has been building out its CPA partner program, the Choreo Partner Alliance, primarily by buying RIA subsidiaries of CPA firms. That includes RSM, Cherry Bekaert Wealth Management, GreerWalker Wealth and the wealth management business of BDO USA. Choreo is also partnering with a number of CPAs that have not sold their RIAs to the firm.
