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Cresset Asset Management Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

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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How Many Years $1 Million Lasts in Retirement

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SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.