Parthenon Capital to Acquire RSM's Wealth Management Practice.

MANews-(C)2009-2022

US-based audit, tax and consulting services provider RSM US LLP and growth-oriented private equity firm Parthenon Capital have entered into an agreement for Parthenon to acquire RSM US Wealth Management LLC and rename it Choreo, LLC, with "Choreo" as its new brand, the principals said.

Completion of the acquisition is expected in 1Q22, with a target date of February 18, pending satisfaction of customary conditions.

Terms of the transaction were not disclosed.

Larry Miles, a 20-year wealth management veteran, will become chief executive officer of Choreo.

Dave Scudder, RSM US Wealth Management's national leader, will transition to Choreo with the rest of the wealth management team and become Choreo's executive vice president, Strategic Partnerships.

Parthenon said it plans to grow the...

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