The Minneapolis office is one of six offices Cresset has opened in the last two years across the country
Cresset announced today the addition of four industry veterans to its Minneapolis office, which opened late last year. Those new hires are Patrick Mahoney, Partner and Managing Director; Dick Hall, Partner and Managing Director; Jason Heckler, Partner and Managing Director; and Tassy Hannemann, Vice President & Client Relationship Specialist.
Mahoney comes to Cresset with more than 20 years of experience in the investment and wealth management industries. In his new role, Mahoney serves families, business owners, corporate executives and private foundations by providing customized advice on investments with an emphasis on asset allocation, preservation and growth. Moreover, he and his teammates assist clients with generational wealth transfer, financial planning, lending and philanthropic giving.
Mahoney most recently served as Managing Director and Head of J.P. Morgan’s Private Bank in Minnesota, a role he held for 10 years. He began his investment career in 1997 with investment bank RBC Capital Markets (formerly Dain Rauscher Wessels and Wessels, Arnold & Henderson), in Minneapolis. Mahoney graduated Magna Cum Laude and Phi Beta Kappa from the University of Minnesota. He received an MBA from the Tuck School of Business at Dartmouth College.
Mahoney serves on the Board of Directors for the Minnesota Orchestra, the Friends of the Ascension School and the Ascension Academy.
Hall brings 25 years of wealth management experience and is the main point of contact for client families and their advisors in the Minneapolis office. He leads an experienced team that builds long-term relationships with families by providing thoughtful advice, exceptional service, modern technology and customized investment programs.
Before joining Cresset, Hall spent 10 years at J.P. Morgan Private Bank, where he led a team that provided advice to ultra-high-net-worth families. Prior to that, he held wealth management positions at SunGard, FolioDynamix and Piper Jaffray. Hall earned a bachelor’s degree from the University of Iowa.
With 20 years of industry experience, Heckler designs and builds customized client investment solutions. His approach includes public and private market opportunities focused on eliminating conflicts of interest, avoiding excess fees and providing full transparency.
Before joining Cresset, Heckler was a Senior Investment Specialist and Executive Director at J.P. Morgan Private Bank, where he held various investment-focused roles. Prior to J.P. Morgan, Heckler was a Vice President of sales at the Northern Trust Company. He earned a bachelor’s degree from Miami University in Oxford, Ohio.
Hannemann is responsible for enhancing the day-to-day experience and overall wealth management solutions for Cresset’s clients. She has worked in client service in private wealth management for more than 20 years, most recently with J.P Morgan in Minneapolis, where she helped found the Private Bank office more than a decade ago. In that role she supported high-net-worth clients with their investment, lending, trust and banking needs. Hannemann is a native of Minneapolis where she lives with her husband and three sons.
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, with expected assets under management to be more than $4.5 billion in combination with Cypress Wealth Advisors. Cresset Partners, Cresset’s 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.*
*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.
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