Correo, a registered investment advisory firm created in 2022 when private equity group Parthenon Capital spun off accountancy firm RSM's wealth management business, has added two business development directors and a deputy head of advisory to its senior leadership team. Four executives were added, including the president and one vice president. President of CPA Partnership.
Jim Waller, who joined Coreo as part of the acquisition of BDO Wealth Advisors, will serve as regional vice president of business development for the Mid-Atlantic region, which includes Maryland, Virginia, Philadelphia and New York. Stephen Eldridge, former regional director of Dimensional Fund Advisors, joins as regional vice president of business development for the Southeast. He plans to work with his Choreo CPA partners in the region to develop leads for RIA advisors.
Choreo also hired Jeff Brewer as vice president of advisory to help the company's advisors develop growth goals. He joins from Wealth Source, his $2 billion RIA in California, where he was head of advisor success.
Mr. Browning Munk will serve as Vice President of CPA Partnerships, where he will be responsible for managing and expanding existing relationships with CPA firms. She joins from ForwardLane, her AI-powered platform for advisors and wholesalers, where she served as chief revenue officer.
wealthmanagement.com reported in February that Choreo plans to bring in four executives to support its advisor network and build relationships with CPA partners in the market.
“Over the past two years, we have laid the foundation for an ambitious growth strategy that places Choreo at the intersection of tax and financial planning,” Choreo CEO Larry Miles said in a statement. “Our goal is to become the preferred partner for working advisors.” “However, we are just getting started, and with this expansion of our senior leadership team, we are in a position to build on what we have achieved to date and deliver added value that will benefit advisors, CPA partners, and clients. I am confident that I can become a country. ”
Over the past two years, Choreo has built its CPA partner program, the Choreo Partner Alliance, primarily by acquiring RIA subsidiaries of CPA firms. This includes the wealth management businesses of RSM, Cherry Bekaert Wealth Management, GreerWalker Wealth, and most recently BDO USA.
Choreo also works with a small number of CPAs that do not sell RIAs to the company. There are also dozens more in the pipeline.