Guides › Financial Advisor Fees
Updated September 28, 2026. Quick answer: Yes, on every account. Choreo is registered with the SEC only as an investment adviser (it is not a broker-dealer), so the Investment Advisers Act of 1940 requires it to act as your fiduciary. Its own Form CRS states: “When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours.”
How it’s registered
From Form CRS, Customer Relationship Summary, Choreo (March 25, 2026): “Choreo, LLC (“we”, “our”) is registered with the U.S. Securities and Exchange Commission (“SEC”) as an investment adviser.”
The standard of conduct, in its own words
“When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours.”
On commissions: “Our senior financial professionals are compensated based on revenue generated from client assets they service. Other advisor team professionals receive a base salary and are eligible for a bonus based on both individual and team performance.”
Fiduciary status by capacity
| Capacity | Registration | Standard you’re owed | Can earn commissions | Source |
|---|---|---|---|---|
| As your investment adviser | SEC-registered investment adviser | Fiduciary duty (Investment Advisers Act of 1940) | No (asset-based advisory fee: $8,000 a year, 1.60% on a $500,000 account) | Form CRS, Customer Relationship Summary, Choreo, March 25, 2026 |
What this means for what you pay
Fiduciary status is one input, not the whole picture. Choreo discloses a published fee that runs $8,000 a year on a $500,000 account; see the full dollar breakdown from Choreo’s own fee disclosure before deciding whether the standard of conduct here changes your answer.
If the answer above changes your mind about staying, see what it costs to leave Choreo, or read the general mechanics of switching financial advisors.
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Source: WiserAdvisor’s service descriptionSources
- Form CRS, Customer Relationship Summary, Choreo (March 25, 2026): https://reports.adviserinfo.sec.gov/crs/crs_111221.pdf
- SEC Investment Adviser Public Disclosure, Choreo (CRD #111221): https://adviserinfo.sec.gov/firm/summary/111221
- Choreo, SEC Form ADV filing: https://reports.adviserinfo.sec.gov/reports/ADV/111221/PDF/111221.pdf
Methodology. This page was built September 28, 2026, quoting directly from Choreo’s own current Form CRS, with the source linked above; any distinction we could not independently confirm this session 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 the firm’s own Form CRS. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
Comparing Choreo against other options? See Choreo alternatives, including a lower-fee full-service firm, a flat-fee route and a robo/hybrid.