SpaceX employees create low-fee wealth option with Choreo

A group of over 100 current and former SpaceX employees created a low-fee wealth management option with Choreo for their post-IPO wealth, representing $1 billion to $5 billion. The annual management fee is under 0.5% of assets, undercutting the industry standard of 0.5% to 1%. The deal shifts power from advisory firms to wealthy investor groups.