- People Moves
- January 3, 2019
Cresset names Michael Deasey as Regional Managing Director of the Midwest Region
Deasey is joined by Joel Alberts, who has been hired by Cresset as a Client Advisor for the Midwest Region
MINNEAPOLIS – January 3, 2019 — Cresset has named Michael Deasey, JD, as Regional Managing Director of the Midwest Region. Deasey will lead Cresset’s wealth management and family office business in the Midwest and is responsible for developing and managing high-net-worth client relationships utilizing a team of highly experienced wealth management professionals. He is joined by Joel Alberts, JD, who has been hired by Cresset to serve as Client Advisor for the Midwest Region.
Deasey brings to Cresset more than 30 years of experience in both wealth management and tax law. Previous to joining Cresset, Deasey served as Managing Director with Abbot Downing of Wells Fargo. He earned a Bachelor of Business Administration degree from the University of Notre Dame and a Juris Doctor from William Mitchell College of Law.
“To be part of an independent, entrepreneurial organization like Cresset that is so singularly client-focused truly is exciting,” Deasey said. “At Cresset, everyone is committed to reinventing how wealth management is provided. For too long wealth management clients have deserved better, and Cresset is doing something very real about that. I’m thrilled to be part of that solution.”
In his new role with Cresset, Alberts will serve as a Client Advisor in the Midwest market. He most recently was a Director with Abbot Downing of Wells Fargo. In addition to managing client relationships, he is experienced in working with closely-held business owners and addressing wealth transfer planning objectives.
Alberts earned a Juris Doctor degree from the University of Iowa College of Law and a Bachelor of Science in Business Administration from Central University of Iowa.
“Both Michael and Joel embody Cresset’s vision to reinvent the way clients experience wealth. We are thrilled to have them on board and to expand upon the services we provide to Cresset’s clients in the Midwest region,” said Michael Cole, CEO of Cresset’s wealth management and family office business.
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, which in 2018 surpassed $3 billion in assets under management. Cresset Partners, our 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 will invest in Qualified Opportunity Zones across the United States with the goal of creating positive and measurable social impact and the potential for risk-adjusted, tax-advantaged returns.* Since Cresset’s inception in 2017, the firm has recruited more than 80 team members across six offices.
*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.