CHICAGO – October 03, 2018 —Cresset Family Office has announced the addition of Jill Shipley and Vimala Snow to its growing team of experienced wealth management talent who are building an industry-leading multi-family office. Cresset Capital Management, founded by private equity entrepreneurs Eric Becker and Avy Stein, announced plans to launch Cresset Family Office in June to build upon the independent wealth management platform provided by Cresset Wealth Advisors.
With nearly 20 years’ experience working with ultra-high-net-worth families and family enterprises to achieve multigenerational wealth sustainability and the successful impact of wealth, Shipley joins Cresset Family Office to lead Family Culture, Impact and Governance.
“I’m passionate about helping individuals, families and family enterprises define their values and accomplish their goals and objectives,” Shipley said. “That is what attracted me to Cresset Family Office, the uncompromising alignment with clients’ needs and dedication to enhancing their wellbeing.”
Most recently, Shipley served as managing director in the Institute for Family Culture at Abbot Downing, where she was a family wealth consultant focused on family dynamics, education and governance, family business transitions and social impact analysis. Previous to that role, she served as director of Next Generation Education for GenSpring Family Offices.
Shipley has been awarded by Family Wealth Report as a Rising Star in the wealth management industry and is a recognized keynote speaker, author and media personality. She is also an educator with extensive curriculum development experience focused on experiential learning.
Vimala Snow joins Cresset Family Office as managing director of Wealth Strategy for the Mountain region, bringing deep expertise in comprehensive multigenerational wealth-transfer planning and planned charitable giving. Specifically, she has extensive experience with wills, trusts, family partnerships, intra-family loans, gift/sale transactions, and governance for closely held businesses. She is based in Denver.
“I’m thrilled to be joining the amazing team at Cresset as they share my commitment to helping preserve and grow clients’ family wealth in a manner that achieves their personal, financial, business and charitable goals,” she said.
Prior to joining Cresset, Snow served as a senior wealth planning strategist with Abbot Downing and led legacy and wealth planning for the Northwest region.
“We are thrilled to welcome Jill and Vimala to our already strong team of leaders from across the family office industry,” said Michael Cole, CEO of Cresset Family Office. “They have proven experience in serving very successful families and multi-family offices and will help Cresset build a truly differentiated multi-family office.”
To provide that new paradigm in serving clients in a comprehensive and cost-effective way, Cresset Family Office will offer:
- Family enterprise administration, operational support and consulting, including business succession planning and transition management
- Net worth management, administration and comprehensive reporting
- Estate and tax planning
- Family philanthropy and impact investing
- Strategic investment monitoring and thematic investing
- Credit and banking oversight and consulting
- Comprehensive risk assessment and management
- Document organization, archiving and secure storage
- Strategic family office services:
- Family values identification and alignment, vision and mission development
- Family communication planning and implementation
- Family education and leadership development
- Family governance and role clarification
- Family and business history exploration and documentation
Private equity entrepreneurs Eric Becker and Avy Stein founded Cresset Capital Management with a vision to reinvent wealth management and with a firm belief that clients deserve better. Within the Cresset affiliates’ suite of offerings, Cresset Wealth Advisors provides individuals and families with access to deeply personalized, comprehensive wealth management services. Cresset Partners, its private investing arm, offers clients direct, often exclusive access to real estate, private equity and secondaries investment opportunities. Most recently, Cresset announced plans to launch Cresset Family Office, offering access to an industry-leading, multi-family office for clients whose business is managing their wealth. Investment advisory, family office, and other services are provided through Cresset Asset Management LLC, an investment advisor registered with the U.S. Securities and Exchange Commission.