RSM Sells Wealth Management Division to Private Equity Firm

Private equity firm Parthenon Capital is acquiring RSM US Wealth Management LLC, the wealth management arm of Chicago-based IPA 100 firm RSM US LLP (FY21 net revenue of $2.9 billion).

Parthenon will rename the firm Choreo LLC, with 20-year wealth management veteran Larry Miles set to become CEO. RSM US Wealth Management national leader Dave Scudder will transition to Choreo with the rest of the wealth management team and become the new firm’s EVP, strategic partnerships.

“We’re incredibly proud of our wealth management team and their accomplishments over the past two decades,” says RSM MP and CEO Joe Adams. “We believe the combination of the experienced wealth management team with the vision of Parthenon and Larry Miles puts Choreo in a strong position for the future.”

“RSM US Wealth Management is a hidden gem in the industry, and we see exciting potential for growth,” adds Miles. “We’re eager to take the company to the next level by investing in the team, technology, recruiting and marketing, as well as expanding into new markets organically and through acquisitions.”

More News From RSM


Recent Posts


Sign up for the IPA INSIDER: a bi-weekly news round up sent directly to your inbox.

Related Stories