Parthenon Capital, a growth-oriented private equity firm, has entered an agreement to acquire RSM US Wealth Management LLC, from RSM US LLP. The acquired firm will be renamed and rebrand as Choreo LLC.

Parthenon has experience in the wealth management sector through strategic partnerships with teams across the industry. The firm intends to grow Choreo organically, through additional acquisitions, as well as maintaining and enhancing the client experience through continued investment activity.

Going forward, wealth clients will continue working alongside the management teams they know and trust while also receiving the same strategy of advisory, planning and services. The firm’s are dedicated to ensuring a smooth transition.

“RSM US Wealth Management is a hidden gem in the industry, and we see exciting potential for growth,” added Larry Miles, CEO of Choreo. “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. We look forward to building upon the culture that has contributed to a strong wealth management team, and we’re excited to drive growth that will create new opportunities for our professionals and unlock added value for clients.”