Choreo, a Chicago-based RIA managing more than $28 billion in client assets, is expanding its pre-IPO wealth management strategy to target employees of OpenAI and Anthropic ahead of their planned public offerings, after negotiating to manage the post-IPO wealth of hundreds of SpaceX employees. Choreo CEO Jason Van de Loo told InvestmentNews that the firm has a cohort of "several 100 individuals" from conversations with SpaceX alumni and current employees, and is now expanding those conversations into employees of Anthropic, OpenAI, and others. Choreo was reported last month to have secured a group of 100 current and former SpaceX employees as clients amid the company’s historic IPO valued at $1.77 trillion; that group reportedly negotiated an annual management fee of under 0.5%. Both Anthropic and OpenAI have sent paperwork to the SEC for planned IPOs with potential valuations of around $1 trillion apiece. The New York Times has reported that OpenAI is leaning towards waiting until 2027 to IPO, while Anthropic has reportedly been targeting an IPO for as early as this October. Choreo has added $2 billion in assets under management through acquisitions so far this year, most recently buying Resource Financial Group, a $700 million Illinois-based RIA.