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Updated September 28, 2026. Quick answer: Choreo is registered with the SEC as an investment adviser (CRD #111221, confirmed ACTIVE this session via SEC IAPD). Per its own current fee brochure, a $500,000 account would run $8,000 a year under its published fee schedule. Already a client and thinking about leaving? Budget $50 if Schwab custodies your account. This review covers what its fee brochure and current SEC registration confirm today; this firm also has a fiduciary-status page and minimum-investment page on this site.
Choreo at a glance
| Fact | What Choreo’s own pages say |
|---|---|
| Legal entity | Choreo, LLC |
| Registration | Choreo, LLC is registered with the SEC as an investment adviser (CRD #111221, confirmed ACTIVE this session via SEC IAPD). |
| Fee on a $500,000 account | $8,000 a year, per its own current brochure |
| Minimum to open an account | See the minimum-investment page for Choreo |
| Cost to leave (exit fee) | $50 if Schwab custodies your account |
What Choreo’s own fee schedule charges
Standard schedule for Choreo’s core Investment Advisory / Aggregated Reporting service; separate schedules exist for OCIO, Financial Planning, Retirement Plan Consulting, none the default.
“Where our investment advisory or aggregated reporting fees are calculated as a percentage of billable assets, we generally apply either a tiered schedule where fee rates decrease as billable assets increase (the fee decrease applies to the portion of the billable assets in each applicable tier) or a flat rate applied to billable assets. The annual rate generally does not exceed 1.5% per annum unless otherwise agreed to with the client. We request … (but do not require) new investment advisory clients to have investable assets of at least $1,000,000 and we have an annual minimum fee of $8,000.”
Choreo’s core Investment Advisory / Aggregated Reporting fee ‘generally does not exceed 1.5% per annum,’ floored at the brochure’s own stated $8,000 annual minimum fee, which dominates the computed fee at $250,000 and $500,000.
| Account balance | Annual fee |
|---|---|
| $250,000 | $8,000 |
| $500,000 | $8,000 |
| $1,000,000 | $15,000 |
| $2,000,000 | $30,000 |
See the full breakdown, including how the figure is calculated, on Choreo’s own fee page.
Registration
Choreo, LLC is registered with the SEC as an investment adviser (CRD #111221, confirmed ACTIVE this session via SEC IAPD).
This is a registration confirmation only, not a fiduciary-standard verdict (a registered investment adviser can still be a dual registrant with a broker-dealer, which changes which standard applies in each capacity). For the fiduciary-standard question itself, see the fiduciary-status page for Choreo.
What it costs to leave
Choreo, LLC’s Form ADV Part 2A states “The agreement between Choreo and the client will continue in effect until terminated in accordance with the terms of the agreement.” Choreo, LLC names 2 possible custodians in its brochure, with no single default. Charles Schwab & Co., Inc.’s own published fee schedule states “Full transfer (out) of assets: $50 per account.” National Financial Services LLC / Fidelity Brokerage Services LLC discloses no comparable line item (an honest gap).
A dedicated how-to-leave page for Choreo covers the exit costs in full; the general mechanics of switching financial advisors and a dated termination letter apply regardless of firm.
Other advisor-firm reviews
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What we would compare it against
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- Part 2A of Form ADV: Firm Brochure (March 25, 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1025771
- SEC IAPD firm summary (CRD #111221, checked September 28, 2026): https://adviserinfo.sec.gov/firm/summary/111221
Methodology. This page was built September 28, 2026, drawing directly on Choreo’s own current fee brochure, linked above, and a fresh SEC IAPD registration check run the same day. As of September 28, 2026, this site publishes a fiduciary-status page and a minimum-investment page for Choreo; where the exit-fee page already exists it is linked above and drawn from that already-sourced page. Any fact we could not independently confirm is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice, and it is not a substitute for reading Choreo’s own Form ADV Part 2A and Form CRS. We have not used Choreo as a client. Choreo did not pay for, review, or influence this content. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
What does it take to open an account? See Choreo’s minimum investment, straight from its own Form ADV Part 2A brochure.
Comparing Choreo against other options? See Choreo alternatives, including a lower-fee full-service firm, a flat-fee route and a robo/hybrid.
Comparing firms? See all 182 advisor firm reviews in one table, with each firm’s type and its fee on a $500,000 account.