Cresset (investment firm)
| Founders | Eric Becker Avy Stein |
|---|---|
| Headquarters | |
Key people | Eric Becker, Co-Chairman[1] Avy Stein, Co-Chairman Susie Cranston, President & COO Michael Costabile, CFO |
| Website | Official website |
Cresset is a muti-family office and private investment firm. Founded in 2017, it provides wealth management services to high-net-worth clients. As of 2025, it manages approximately $65 billion in assets.
History
[edit]Cresset was founded in 2017 by entrepreneurs Eric Becker and Avy Stein.[2] They formed the office after being dissatisfied clients of other wealth management firms where there was lack of comprehensive services.[3] In 2020, it acquired PagnatoKarp, a $2.3 billion RIA.[4]
Although originally formed to manage the assets of family members, Cresset grew to 1,100 clients by 2021. The same year, it completed its first merger by absorbing the $4.7 billion in managed assets of Berman Capital Advisors.[2] The following year in 2022, it merged with Meristem Family Wealth. At the conclusion of the merger, Cresset had more than $27 billion in managed assets.[2] In 2024, Cresset purchased the Dallas, Texas-based CH Investment Partners which managed $6.2 billion in assets as of the date of acquisition.[5]
Clients and services
[edit]Cresset manages both public and private investments for high-net-worth clients. It also does estate and tax planning for its clients.[2][6] As of 2025, Cresset manages $65 billion in assets.[6]
References
[edit]- ^ "About". Cresset.
- ^ a b c d Tucker, Hank (May 25, 2022). "Chicago RIA Cresset To Form $27 Billion Multi-Family Office By Merging With Minnesota's Meristem Family Wealth". Forbes.
- ^ Cuccinello, Hayley (July 27, 2022). "Wealth manager Cresset's aggressive growth has been fueled by luring top private bankers with customized deals. Its founder lays out what's next for the $27 billion firm". Business Insider.
- ^ Benjamin Jeff (September 28, 2021). "Cresset balloons to $20 billion in assets with latest megadeal". Investment News.
- ^ Corbin, Kenneth (October 8, 2024). "Cresset Is Buying a $6.2 Billion Dallas Wealth Management Firm". Barron's.
- ^ a b Almazora, Leo (February 11, 2025). "Cresset Partners rebrands to Peakline". Investment News.
External links
[edit] | This United States corporation or company article is a stub. You can help Wikipedia by expanding it. |