Cresset (multi-family office)

Cresset is a multi-family office and private investment firm. Founded in 2017, it provides wealth management services to high-net-worth clients. As of 2025, it manages approximately $65 billion in assets.

Cresset

Founders	Eric Becker Avy Stein
Headquarters	Chicago, Illinois
Key people	Eric Becker, Co-Chairman[1] Avy Stein, Co-Chairman Susie Cranston, President & COO Michael Costabile, CFO
Website	Official website

History

Cresset was founded in 2017 by entrepreneurs Eric Becker and Avy Stein.^[2] They formed the office after being dissatisfied clients of other wealth management firms where there was lack of comprehensive services.^[3] In 2020, it acquired PagnatoKarp, a $2.3 billion RIA.^[4]

Although originally formed to manage the assets of family members, Cresset grew to 1,100 clients by 2021. The same year, it completed its first merger by absorbing the $4.7 billion in managed assets of Berman Capital Advisors.^[2] The following year in 2022, it merged with Meristem Family Wealth. At the conclusion of the merger, Cresset had more than $27 billion in managed assets.^[2] In 2024, Cresset purchased the Dallas, Texas-based CH Investment Partners which managed $6.2 billion in assets as of the date of acquisition.^[5]

Clients and services

Cresset manages both public and private investments for high-net-worth clients. It also does estate and tax planning for its clients.^[2][6] As of 2025, Cresset manages $65 billion in assets.^[6]