Wednesday, October 21, 2026The Morning EditionOpen AtlasSign inJoin free
FinancialADVSR

Est. 2026The front page of wealth managementNew York

The Morning EditionFree · 6:30 AM ETSubscribe
IN SpaceX’s AI segment now drives more than half its revenue. Here’s what advisors should watch nextFP Why AI might recommend your competitor instead of youFP Why clients are choosing phased retirement — and what advisors should know4K SPARK Forum Offering Scholarships for Retirement Plan AdvisorsFP What Schwab's new ETF platform fees mean for clients, advisorsWM RIA Platform Leaders Ask ‘What’s the Advantage in Having Your Own Form ADV?’IN Fake e-vite phishing scams put high-net-worth clients at riskRB Rick Wurster says Schwab is tackling its forced rationing of long/short SMAs with proprietary 'offering' to stretch balance sheet, but it may be more about a fee upside, a long/short manager saysIN Fintech bytes: 55ip, Vise, Syntax push tax-smart tools for RIAsWM $20B Modera Wealth Management Launches AI Operating Platform

RIA comparison · SEC Form ADV

RWA Wealth Partners vs Choreo, LLC

Two independent wealth managers side by side: assets, clients, staff, services and fees, from each firm’s own filing.

The short answer

RWA Wealth Partners is the larger of the two, with $20B in regulatory assets to $19B at Choreo, LLC, 3% more than its rival, by their latest Form ADV filings. Choreo, LLC reports more individual clients (6,794 vs 5,951), while RWA Wealth Partners’ clients hold more on average (about $3.1 million each against $2.6 million). RWA Wealth Partners is based in Boston, Massachusetts and Choreo, LLC in Rockford, Illinois.

FigureRWA Wealth PartnersChoreo, LLC
Regulatory AUM$20B$19B
National rank#49#50
HeadquartersBoston, MassachusettsRockford, Illinois
Individual clients5,9516,794
High-net-worth clients3,5454,392
Average client assets$3.1 million$2.6 million
Accounts19,64924,999
Discretionary98% of AUM89% of AUM
Employees178232
Advisory staff6397
Clients per advisory employee9470
Offices634
Form ADV filed2026-05-272026-09-30

RWA Wealth Partners

Full profile →

Services

  • Financial planning
  • Portfolio management for individuals and small businesses
  • Other services

How it’s paid

  • A percentage of assets under management
  • Hourly charges
  • Fixed fees

Choreo, LLC

Full profile →

Services

  • Financial planning
  • Portfolio management for individuals and small businesses
  • Portfolio management for businesses and institutions
  • Pension consulting
  • Selecting other advisers
  • Other services

How it’s paid

  • A percentage of assets under management
  • Hourly charges
  • Fixed fees

Questions

Which is bigger, RWA Wealth Partners or Choreo, LLC?

RWA Wealth Partners, with $20B in regulatory assets under management against $19B at Choreo, LLC. Nationally they rank #49 and #50 among 5,657 independent wealth management RIAs.

How many clients do RWA Wealth Partners and Choreo, LLC have?

RWA Wealth Partners reports 5,951 individual clients (3,545 high-net-worth) with 63 advisory employees; Choreo, LLC reports 6,794 (4,392 high-net-worth) with 97 advisory employees.

How do RWA Wealth Partners and Choreo, LLC charge clients?

They list the same forms of compensation on Form ADV: a percentage of assets under management; hourly charges; fixed fees. Fee schedules and minimums are in each firm’s Form ADV Part 2A brochure.

What services do RWA Wealth Partners and Choreo, LLC offer?

Choreo, LLC lists portfolio management for businesses and institutions; pension consulting; selecting other advisers, which RWA Wealth Partners does not. Both offer financial planning; portfolio management for individuals and small businesses; other services.

More comparisons

Where these numbers come from

Every figure is the firm’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Average client assets divide the assets held for individual and high-net-worth clients by their number. Ranks compare each firm with all US-based independent wealth management RIAs, the same field as The Largest RIAs. Figures can lag recent deals and market moves.

Not an endorsement or a recommendation of either firm. Before hiring an adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search: RWA Wealth Partners ↗, Choreo, LLC ↗. How to check a financial advisor →