Cresset Asset Management, LLC provides investment advisory and family office services. This fee-only firm has billions in client assets managed by a relatively large team of advisors. Cresset Asset earns its compensation through asset-based fees and fixed fees.
Certain members of the firm’s staff hold professional designations such as chartered financial analyst (CFA), certified financial planner (CFP), certified public accountant (CPA), certified private wealth advisor (CPWA), certified exit planning advisor (CEPA), certified trust and fiduciary advisor (CTFA) and more.
Cresset also holds a spot on SmartAsset's list of Illinois' top financial advisors, as well as the list for Chicago.
Cresset Asset Management Background
Established in 2017, Cresset Asset is a registered investment advisor (RIA) offering a variety of advisory services to individual and institutional clients. The firm also manages a number of subsidiaries, including Cresset Asset Management Acquisition, LLC, Cresset Management Services, LLC, Cresset Evanston Advisors, LLC, Cresset Tax Services, LLC, Cresset Cypress Wealth Advisors, LLC and more.
This firm is a subsidiary of Cresset Capital Management, LLC. Cresset's managers are William Rudnick, Jack Ablin, Michael Costabile, Randall Conte, Jessica Malkin and Robert Pagliuco.
Cresset Asset Management Client Types and Minimum Account Sizes
This firm serves both non-high-net-worth individuals and high-net-worth individuals, as well as pooled investment vehicles, charitable organizations and corporations.
Cresset Asset generally doesn’t impose a minimum account size requirement.
Services Offered by Cresset Asset Management
Generally speaking, Cresset offers the following advisory services:
- Portfolio management
- Financial planning
- Pension consulting
- Selection of other advisors
- Educational seminars
Cresset Asset Management Investment Philosophy
Cresset Asset uses several analytical methods when conducting investment research. These include fundamental analysis, technical analysis, quantitative analysis, qualitative analysis, charting analysis, asset allocation, mutual fund and/or exchange-traded fund (ETF) analysis and alternative non-traded private investments.
The firm’s advisors also employ long-term purchases, short-term purchases, margin transactions and option writing.
Cresset Asset Management Fees
Fees for investment advisory services are based on the market value of managed assets with a minimum fee of $20,000. Rates will typically not exceed 2.00% of assets. Cresset Asset offers clients the choice of paying those fees either monthly or quarterly in advance or in arrears.
Advisory services for private funds and pooled investment vehicles entails a flat fee of 0.75% per annum. Similar to investment advisory services, Cresset Asset’s retirement plan advisory services charge management fees ranging up to 2.00%.
Cresset Asset Management Awards and Recognition
Cresset Asset Management was one of Barron's America's Best RIA Firms of 2022. Firm representatives were also recognized on Forbes’ 2022 Top Wealth Advisors and Top Women Wealth Advisors rankings.
What to Watch Out For
Cresset Asset Management doesn’t have any disclosures on its SEC record.
Opening an Account with Cresset Asset Management
You can set up an account with Cresset Asset by visiting the firm or calling an advisor at (312) 429-2400.
All information is accurate as of the writing of this article.
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