Cresset received the “Private wealth management M&A deal of the year” honor at the Private Asset Management (PAM) Awards* held in New York on Feb. 6.
Cresset received the award for its acquisition of Chicago-based Evanston Advisors. Last year, Cresset won the “Best RIA for high-net-worth clients” award.
“We are deeply honored to have received this award,” said Chris Boehm, Managing Partner of Cresset Partners, who leads Cresset’s investments in RIAs . “We take great pride in the partnership with Evanston and our combined ability to bring innovative solutions to our clients.”
The PAM awards aim to recognize the best of the private wealth management industry. Their goal is to showcase the achievements of top investment professionals, wealth advisors, and other key service providers and are judged using an independent panel of industry experts who use both qualitative and quantitative performance indicators to select the winners.
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 that currently manages approximately $6.7 billion in assets. Cresset Partners, Cresset’s private investing group and an SEC registered investment advisor, offers clients direct access to private equity, real estate and other private 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 invests in Qualified Opportunity Zones and creates potential for risk-adjusted, tax-advantaged returns.
*Winners of the PAM awards are comprised of individuals and firms who have been nominated via an online submission process and through recommendations from market participants. Judges use the submitted application material, as well as any uploaded supplemental information, to determine which firm, individual or product they believe to be the most suitable and deserving for each category. Third-party rankings, awards listings and/or recognition by unaffiliated third-party rating services and/or publications should not be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Cresset is engaged, or continues to be engaged, to provide investment advisory services, nor should it be construed as a current or past endorsement of Cresset by any of its clients. Third party rankings and recognition from rating services and publications do not guarantee future investment success. Working with a highly-rated investment advisor also does not ensure that a client or prospective client will experience a higher level of performance. Generally, but not always, ratings, rankings and recognition are based on information provided by Cresset. Cresset submitted the information to be considered for the award and did not pay an application fee to participate. Cresset is not affiliated with PAM.
