Cresset (multi-family office)
| Company type | Private |
|---|---|
| Industry | Financial services, Wealth management |
| Founded | 2017 |
| Founder | Eric Becker, Avy Stein |
| Headquarters | United States |
| Products | Wealth management, Investment portfolios, Estate and tax planning |
Cresset operates as a private investment firm and multi-family office, established in 2017, with a focus on providing wealth management solutions tailored to affluent clients. By 2025, the firm manages assets totaling around $65 billion.
History
Established in 2017 by Eric Becker and Avy Stein, Cresset emerged from their dissatisfaction with the limited scope of services offered by traditional wealth management companies. In 2020, the firm expanded its capabilities by acquiring PagnatoKarp, a registered investment advisor with $2.3 billion under management.
Initially concentrating on managing family wealth, Cresset grew its client base to 1,100 by 2021 and completed its inaugural merger through the acquisition of Berman Capital Advisors, which contributed an additional $4.7 billion in assets. The following year, a merger with Meristem Family Wealth elevated its assets under management to more than $27 billion. In 2024, Cresset further broadened its portfolio by purchasing CH Investment Partners, a Dallas-based firm overseeing $6.2 billion at the time of acquisition.
Clients and services
Serving high-net-worth individuals, Cresset administers both public and private investment portfolios while providing comprehensive estate and tax planning solutions. The firm's assets under management reached $65 billion as of 2025.