- In the News
- February 7, 2020
Cresset honored at the 2020 Private Asset Management Awards
Cresset received the “Private wealth management M&A deal of the year” honor at the Private Asset Management (PAM) Awards* held in New York on Feb. 6.
Cresset received the award for its acquisition of Chicago-based Evanston Advisors. Last year, Cresset won the “Best RIA for high-net-worth clients” award.
“We are deeply honored to have received this award,” said Chris Boehm, Managing Partner of Cresset Partners, who leads Cresset’s investments in RIAs . “We take great pride in the partnership with Evanston and our combined ability to bring innovative solutions to our clients.”
The PAM awards aim to recognize the best of the private wealth management industry. Their goal is to showcase the achievements of top investment professionals, wealth advisors, and other key service providers and are judged using an independent panel of industry experts who use both qualitative and quantitative performance indicators to select the winners.
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 that currently manages approximately $6.7 billion in assets. Cresset Partners, Cresset’s private investing group and an SEC registered investment advisor, offers clients direct access to private equity, real estate and other private 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.