CRESSET ASSET MANAGEMENT, LLC
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
FINTRXOverview
Cresset Asset Management, LLC is an independent registered investment adviser and capital allocator that serves both individual and institutional clients. The firm has been SEC-registered since 2017 and operates as an LLC owned by domestic entities and individuals. Its advisory model includes AUM-based fees, fixed fees and the use of performance fees, and it also conducts CPO/CTA activities. Services span comprehensive financial planning, discretionary portfolio management for individuals, small businesses and pooled vehicles, selection of sub-advisers, pension consulting and educational workshops. Cresset reports an active interest in environmental, social and governance (ESG) factors and maintains industry connections that include roles as a sponsor or managing member of pooled investment vehicles as well as relationships with banking, trust and insurance entities. The firm has been featured in industry rankings over multiple years, including appearances in Barron's and Forbes lists and recognition from Citywire and AdvisorHub.
Assets & Accounts
Public Holdings
Investments & Alternatives
Location & Offices
Investment profile
FINTRXTraditional investments used
Alternative investments used
Active ESG investor
Technology & operations
FINTRXCRM & tech providers
TAMPs used
Clients
FINTRXClient base
Client personas
Asset composition
- Exchange Traded Equities30%
- Public Funds/Mutual Funds30%
- Cash & Cash Equivalents11%
- Private Funds10%
- State & Local Bonds9%
Owners & executives
3 of 5JOSEPH PARK
Managing Director, Chief Operating OfficerCRD 5761466
MICHAEL SILVERMAN
Chief Investment OfficerCRD 5941447
Michael Costabile
Executive Managing Director, Chief Financial OfficerCRD 6938100
Contacts
3 of 199JOHN CRAMPTON
DirectorCRD 6203010
Steve Ching
Managing Director, InvestmentsCRD 4151456
STEPHEN WATHEN
Managing Director, Client ServicesCRD 2523921
Wealth teams
FINTRXNewly hired reps
FINTRXRecent M&A activity
FINTRXRecent filings
FINTRXAwards
FINTRXETF holdings
1 of 575Active vs passive
$14.3B in ETFs
90%
$13B
7%
$1.4B
| ETF | Provider | Style | Category | Value | Shares | % of portfolio |
|---|---|---|---|---|---|---|
| SPDR S&P 500 ETF TRUST (SPY) | State Street | Passive | Large Blend | $2.3B | 3,561,935 | 16.20% |
Location
CHICAGO, IL
COOK
Location
CHICAGO, IL
Headquartered in CHICAGO, IL, anchoring the Chicago-Naperville, IL-IN-WI metro in the Midwest.
- Metro area
- Chicago-Naperville, IL-IN-WI
- Region
- Midwest
- County
- COOK
- Address
- 444 W Lake St
- Time zone
- CT (UTC-6)
- Office locations
Similar firms
MORNINGSTAR INVESTMENT MANAGEMENT LLC
RIACHICAGO, IL
BLUE OWL REAL ESTATE CAPITAL LLC
RIACHICAGO, IL
CIBC Private Wealth Advisors, Inc.
RIACHICAGO, IL
HARBOR CAPITAL ADVISORS, INC.
RIACHICAGO, IL
PPM AMERICA INC
RIACHICAGO, IL
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC
RIACHICAGO, IL