Cresset Asset Management, LLC

RIASEC RegisteredEst. 2017

Total AUM

$78.9B

Discretionary

$77.2B

98% of AUM

Avg account

$2.4M

Accounts

32,894

Employees

496

Advisory reps

206

Firm details

Headquarters: Chicago, Illinois
CRD number: 288566
Registered since: July 10, 2017
Website: cressetcapital.com
Custodians: FIDELITY DISTRIBUTORS COMPANY LLC, PERSHING LLC, CHARLES SCHWAB & CO., INC.
Fee structure: Percentage of AUM, Fixed Fees, Performance Based Fees
Client types: HNWI88.38%
Pooled Investment Vehicles10.11%
Corporations / Businesses0.75%
Charitable Organizations0.56%
Individuals0.2%
Services: Financial PlanningPortfolio Management for IndividualsPortfolio Management for Pooled Investment VehiclesPortfolio Management for Institutional ClientsPension ConsultingSelection of Other AdvisersEducational Seminars / Workshops

Firm profile

FINTRX

Overview

Cresset Asset Management, LLC is an independent registered investment adviser that has operated since 2017 and describes itself as both a capital allocator and a manager of pooled vehicles. The firm serves individual and family clients as well as institutional clients, offering portfolio management, financial planning, pension consulting guidance, selection of other advisers, and educational programming. It also identifies as a CPO/CTA and has industry affiliations that include roles as sponsor, GP or managing member of pooled investment vehicles. Fee arrangements include percentage of AUM, fixed fees and performance-based fees, and the firm reports being an active ESG investor. Cresset has been recognized by multiple industry outlets over recent years, appearing on lists and rankings from Barron’s, Forbes, FA Magazine, Citywire, CNBC and others between 2020 and 2026.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

Read the full firm profile in FINTRX →

Investment profile

FINTRX

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

FINTRX

CRM & tech providers

TAMPs used

Clients

FINTRX

Client base

Client personas

Asset composition

Exchange Traded Equities30%
Public Funds/Mutual Funds30%
Cash & Cash Equivalents11%
Private Funds10%
State & Local Bonds9%

Owners & executives

3 of 5

Joseph Park
Managing Director, Chief Operating OfficerCRD 5761466
Michael Silverman
Executive Managing Director, Chief Investment OfficerCRD 5941447
Michael Costabile
Executive Managing Director, Chief Financial OfficerCRD 6938100