1-Year-Old Cresset Surpasses $3 Billion AUM

Chicago-Based Wealth Management Firm Rapidly Growing

CHICAGO – September 20, 2018 — Cresset Wealth Advisors, a subsidiary of Cresset Asset Management LLC, a Chicago-based wealth management firm, has surpassed $3 billion in assets under management after crossing the $2 billion milestone just three months ago.

“I believe the organic growth of Cresset is due to our platform, solutions, and client experience,” Cresset co-founder Eric Becker said. “We lead with our culture and are wholly aligned with our clients’ best interests. We hire professionals that are not only talented, but who also embrace that commitment. We invest in innovation, from technology to new services like credit, lending and Cresset Family Office. We seek to enhance the client experience in our service approach.”

Cresset provides its clients with access to sophisticated investment strategies and planning, the next evolution of family office services, private direct investments, and open source credit solutions arranged by Cresset’s Chief Credit Officer.

“In providing this comprehensive array of capabilities as a private, employee-owned, and independent firm, Cresset is fundamentally differentiated from traditional wealth managers,” Cresset co-founder Avy Stein said. “It’s extremely gratifying to have this kind of validation of our people and our philosophy as we partner with families in addressing their goals.”

Becker and Stein have recruited a veteran team, including:

• Doug Regan from J.P. Morgan Private Bank;
• Michael Cole from Ascent Private Capital Management; and
• Chief Investment Officer Jack Ablin, who previously held the same role at BMO Harris Bank.

Since its founding in July 2017, Cresset has hired more than 60 team members across offices in Chicago, Palm Beach, Seattle, Denver and San Francisco with further expansion planned for 2019.