Cresset announced today that it has hired Greg Downs, CFA, as Managing Director, Investment Strategy for its West Palm Beach office. With nearly 15 years of investment experience, Downs will focus on developing comprehensive and highly personalized investment strategies for Cresset’s high-net-worth and ultra-high-net-worth clients in the Southeast region.
“Cresset has an inspiring vision to reinvent how people experience wealth, and that was hugely attractive to me,” Downs said. “I am eager to add my expertise to further realize that vision as I, too, have long believed clients deserve better.”
Most recently, Downs served as Managing Director, Market Investment Executive at U.S. Trust. Previous to that role, he was an Investment Analyst with Seaside National Bank & Trust.
Downs is a member of the CFA Society of South Florida and earned his MBA from Crummer Graduate School of Business at Rollins College in Orlando. A native of the Orlando area, Downs and his wife now live in Palm Beach Gardens.
“We could not be more pleased to welcome someone with Greg’s level of expertise and commitment to putting clients’ interests first,” said Robert Dunkin, Regional Managing Director for Cresset’s West Palm Beach office.
Cresset, which was founded just two years ago, recently surpassed $5 billion in assets under management.
Private equity entrepreneurs Eric Becker and Avy Stein founded Cresset with a vision to reinvent wealth management and with a firm belief that clients deserve better. Cresset offers individuals and families access to a comprehensive suite of family office services, deeply personalized wealth management, investment advisory, planning and other services through Cresset Asset Management, an SEC registered investment advisor. Cresset Partners, Cresset’s private investing group, offers clients direct access to real estate, private equity and other investment opportunities. Alongside Diversified Real Estate Capital, which was founded and is led by Larry Levy, Cresset Partners launched the Cresset-Diversified QOZ Fund, which invests in Qualified Opportunity Zones and creates potential for risk-adjusted, tax-advantaged returns.*
*The contents hereof are not to be used as the basis for making any investment decision and are not a recommendation of, or solicitation for, the subscription, purchase or sale of any security, including the fund mentioned herein.