The $700 million in assets that Resource Financial Group has managed from Wilmette, Illinois is moving to a new platform. Choreo, LLC has acquired substantially all of RFG's assets, bringing a business planning-focused practice into its Chicago-area footprint. The financial terms were not disclosed.
What the deal adds
Resource Financial Group is a Wilmette-based registered investment adviser, and its business planning orientation defines the practice. That distinction matters. Firms built around planning rather than pure portfolio management tend to embed themselves more deeply in clients' financial lives, which typically supports stronger retention. Choreo's acquisition of RFG brings that client profile, and $700 million in assets, into its Chicago-area book.
The read-through for Choreo
The geographic logic is also clear. What's changed for larger RIA platforms is a sharper preference for density over reach: adding a practice already based in the northern Chicago suburbs builds concentration in a market where Choreo has existing presence, rather than entering unfamiliar territory from a standing start. That kind of concentration makes integration, compliance oversight, and client servicing more manageable. The case for this deal rests on those compounding efficiencies alongside the asset base.
The counterargument
The risk is personnel. Business planning practices are built on adviser relationships that clients follow, sometimes across firm transitions. If the advisers responsible for RFG's client relationships do not remain through and after the integration, the $700 million becomes a figure that needs defending rather than a given. Choreo has not indicated which, if any, RFG staff are part of the transition.
On balance
On balance, the acquisition fits a consolidation approach that values geographic concentration alongside practice-area depth. The line to watch is adviser continuity. The $700 million RFG brought into the deal is only as durable as the relationships behind it.