Cresset Boca Raton Family Office & Private Wealth Management

Cresset’s Boca Raton office provides private wealth management and family office services for individuals and families with significant wealth. The team brings together investment management, financial planning, tax strategy, estate and wealth planning, and liquidity or business-exit planning into one coordinated approach. Clients can also access Cresset’s broader family office capabilities and private investment opportunities.

The Boca Raton team works with business owners, entrepreneurs, corporate executives, high-net-worth and ultra-high-net-worth individuals, multigenerational families, professional athletes, foundations and endowments. For business owners in particular, the team has experience with business succession planning, business exit planning, liquidity events and other complex wealth transitions.

The team also has deep experience with multigenerational wealth management, advising families across generations as their wealth and financial needs evolve. That can include working with parents, children and grandchildren to coordinate investment management, financial planning, tax and estate strategies, wealth transfer, and family governance around the family's long-term goals.

Clients may seek the team's advice around a range of financial needs and transitions, including managing a business or concentrated wealth, planning for a business sale, coordinating trusts and estate planning, transferring wealth across generations, or navigating significant tax considerations.

A private wealth manager typically centers on your investment portfolio and financial plan, including asset allocation, tax-efficient investing, retirement planning and estate-planning coordination. Cresset’s private wealth management offering combines customized investment portfolios with sophisticated financial planning.

A multi-family office goes further by coordinating more of a family's financial life under one umbrella. At Cresset, that can include investments and financial planning as well as tax strategy, estate and trust planning, private investments, business-exit planning, philanthropy, insurance, CFO-type services and lifestyle support.

For multigenerational families, that can also include family governance and next-generation education, helping families communicate around shared values and long-term goals, facilitate family meetings, establish decision-making structures, and prepare children and other rising-generation family members to become informed stewards of family wealth.

Cresset combines private wealth management within a broader multi-family-office platform, allowing a family to use the level of services appropriate to its complexity.

Business succession planning helps an owner determine how the ownership and leadership of a family or closely held business will transition, whether to family members, employees, management or an outside buyer. Ideally, business succession planning should begin well before a transition or business sale is imminent.

For families with significant wealth tied to a business, succession decisions can affect business valuation, taxes, estate planning, family dynamics and future liquidity. A coordinated approach can bring together a family's financial advisor, attorney and CPA so the business transition and the owner's broader wealth plan are considered together.

Some of the most important planning decisions for a business owner can happen well before a sale or transition. Pre-liquidity planning before the sale of a business can create opportunities to evaluate tax-mitigation strategies, estate planning, charitable strategies, ownership structures, gifting and trust planning before a transaction closes. Depending on the circumstances, certain planning opportunities may become more limited once a transaction is underway or completed.

Pre-liquidity planning can also help an owner think through what comes next: how much liquidity the family will need, how sale proceeds may ultimately be invested, how a transaction affects the estate plan, and what the owner wants the wealth created by the business to accomplish for the family.

Following a sale, the focus often shifts from managing a concentrated operating asset to managing a diversified family balance sheet. A coordinated approach can help bring together investment management, tax and estate planning, liquidity, philanthropy and planning for future generations before, during and after the transition.

Professional athletes can face unique financial planning and wealth management considerations, including compressed earning windows, income earned across multiple states, variable compensation and the need to plan for a second career after professional sports.

A coordinated wealth strategy can help an athlete manage current cash flow and investments while also planning for taxes, risk management, wealth preservation and long-term financial independence beyond their playing career. For athletes with families, businesses or other complex interests, broader family office capabilities can also become increasingly relevant as their financial lives evolve.

For a family with significant wealth, relocating to Florida is more than changing your mailing address. One of the biggest planning issues is establishing Florida domicile while clearly severing domicile in your former state, particularly if that state imposes an income or estate tax.

Cresset's guidance distinguishes between residence—where you may live temporarily or seasonally—and domicile, your permanent home and the place you intend to return to. You can have multiple residences but generally only one domicile.

That makes planning around the move important. Families should consider the timing of the move, homes retained in other states, where they spend their time, business interests, trusts and estate documents, tax filings, property ownership and other evidence of where their permanent home is. For a Cresset client, that planning can be coordinated across the broader wealth, tax and estate-planning picture.

It can be meaningful, particularly for families coming from higher-tax states. Florida currently imposes no personal state income tax and no Florida estate tax for people who died after December 31, 2004. For high-net-worth families relocating from higher-tax states, those differences can have meaningful wealth-planning implications.

That doesn't mean all income or estate-planning taxes disappear. Federal taxes still apply, and another state may potentially tax certain income, property or business activity connected to that state. The value of becoming a Florida resident therefore depends on the family's circumstances and whether Florida domicile has been established.

For a family with substantial investment income, a future liquidity event or a large estate, the move can also create an opportunity to revisit investment tax strategy, trusts, gifting, estate structures, business ownership and the timing of transactions.

Yes. Cresset's Boca Raton office serves client families across the United States, supported by Cresset’s broader national platform.

Keeping another residence does, however, make domicile and state-tax planning more important. Owning a second home does not by itself prevent Florida domicile, but families spending substantial time or retaining significant ties elsewhere should work with their tax and legal advisors to make sure their facts support the intended residency position. Cresset can coordinate that planning alongside the broader wealth strategy.

The simplest first step is a conversation with the Boca Raton team. An initial conversation would typically focus on understanding your family, what prompted you to seek advice, your existing investments and planning structure, any business or liquidity-event considerations, and what you want your wealth to accomplish.

From there, the team can determine which Cresset capabilities are relevant—whether that's primarily investment management and financial planning or a broader family-office relationship.

The office is located at 5355 Town Center Road, Boca Raton, FL 33486.