1-Year-Old Cresset Surpasses $3 Billion AUM

Chicago-Based Wealth Management Firm Rapidly Growing

CHICAGO – September 20, 2018 — Cresset Wealth Advisors, a subsidiary of Cresset Asset Management LLC, a Chicago-based wealth management firm, has surpassed $3 billion in assets under management after crossing the $2 billion milestone just three months ago.

“I believe the organic growth of Cresset is due to our platform, solutions, and client experience,” Cresset co-founder Eric Becker said. “We lead with our culture and are wholly aligned with our clients’ best interests. We hire professionals that are not only talented, but who also embrace that commitment. We invest in innovation, from technology to new services like credit, lending and Cresset Family Office. We seek to enhance the client experience in our service approach.”

Cresset provides its clients with access to sophisticated investment strategies and planning, the next evolution of family office services, private direct investments, and open source credit solutions arranged by Cresset’s Chief Credit Officer.

“In providing this comprehensive array of capabilities as a private, employee-owned, and independent firm, Cresset is fundamentally differentiated from traditional wealth managers,” Cresset co-founder Avy Stein said. “It’s extremely gratifying to have this kind of validation of our people and our philosophy as we partner with families in addressing their goals.”

Becker and Stein have recruited a veteran team, including:

  • Doug Regan from J.P. Morgan Private Bank;
  • Michael Cole from Ascent Private Capital Management; and
  • Chief Investment Officer Jack Ablin, who previously held the same role at BMO Harris Bank.

Since its founding in July 2017, Cresset has hired more than 60 team members across offices in Chicago, Palm Beach, Seattle, Denver and San Francisco with further expansion planned for 2019.

About Cresset

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.

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About Cresset

Cresset is an independent, award-winning multi-family office and private investment firm with more than $45 billion in assets under management (as of 04/01/2024). Cresset serves the unique needs of entrepreneurs, CEO founders, wealth creators, executives, and partners, as well as high-net-worth and multi-generational families. Our goal is to deliver a new paradigm for wealth management, giving you time to pursue what matters to you most.

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From Chief Investment Officer, Jack Ablin.
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