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Cresset adds eight highly experienced leaders to build Cresset Family Office

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Cresset adds eight highly experienced leaders to build Cresset Family Office

Industry veterans join Michael Cole and Kevin Long to build Cresset Capital's multi-family office

PR Newswire

CHICAGO, Aug. 7, 2018 /PRNewswire/ -- Cresset Family Office has announced the addition of eight industry veterans to join Michael A. Cole, CEO; and Kevin S. Long, senior managing director, in building an industry-leading multi-family office. Cresset Capital Management, founded by private equity entrepreneurs Eric Becker and Avy Stein, announced plans to launch Cresset Family Office in June to build upon the independent wealth management platform provided by Cresset Wealth Advisors.

cressetwealth.com (PRNewsfoto/Cresset Wealth Advisors)

"We are privileged to add eight very experienced leaders in the family office community to Cresset Family Office," Becker said. "During their careers, they have worked with very successful families and multi-family offices, and now will build the next-generation multi-family office on our independent, employee- and client-owned platform."

The new additions to the Cresset Family Office team are:

  • Scott Winget, JD, CPA – senior managing director for family enterprise consulting, formerly senior vice president and senior managing director for wealth sustainability with Ascent Private Capital Management of U.S. Bank.
  • Melissa Donohue, Ed.D. – senior managing director for family wealth education and leadership development, formerly senior wealth education specialist with Morgan Stanley Wealth Management.
  • Mark Foster – senior managing director for banking and credit consulting; formerly senior managing director, head of private banking with Ascent Private Capital Management of U.S. Bank.
  • Jan Farren – senior managing director of marketing, communication, learning and development; formerly senior vice president and senior managing director of marketing and professional development with Ascent Private Capital Management of U.S. Bank.
  • Will Amerine, MBA – managing director of strategic partnerships, formerly managing director of strategic relationships at Ascent Private Capital Management of U.S. Bank.
  • Martim De Arantes Oliveira – regional managing director, northern California; formerly regional managing director and senior vice president with Ascent Private Capital Management of U.S. Bank.
  • Sisi Tran, J.D., LLM – managing director, wealth strategist, northern California; formerly senior vice president, managing director, wealth strategy with Ascent Private Capital Management of U.S. Bank.
  • Tom Crotty, CPA – managing director, family office advisory, northern California; formerly managing director, CFO services with Ascent Private Capital Management of U.S. Bank.

"We are excited to work with these accomplished leaders to support Cresset's vision to provide our clients with the comprehensive, highly personalized approach to wealth management that they deserve," Stein said. "Because of the strong leadership and talent we now have in place, we are ahead of our strategic business plan for Cresset Family Office and have the opportunity to provide an unprecedented level of service."

Cole added, "It is a privilege to be partnering with this team to build a truly differentiated multi-family office. Cresset provides the optimal setting for the future of family office services, which is very compelling in attracting highly experienced talent in the industry."

Cresset Family Office will provide a new paradigm in serving clients in a comprehensive and cost-effective way, including:

  • Family enterprise administration, operational support and consulting, including business succession planning and transition management
  • Net worth management, administration and comprehensive reporting
  • Estate and tax planning
  • Family philanthropy and impact investing
  • Strategic investment monitoring and thematic investing
  • Credit and banking oversight and consulting
  • Comprehensive risk assessment and management
  • Document organization, archiving and secure storage
  • Strategic family office services:
    • Family values identification and alignment, vision and mission development
    • Family communication planning and implementation
    • Family education and leadership development
    • Family governance and role clarification
    • Family and business history exploration and documentation

"The team being built by Cresset Family Office truly represents the best of the best in the industry. Their talent, experience and innovative mindset will serve Cresset's clients extremely well," said Thomas R. Livergood, founder & CEO of The Family Wealth Alliance.

Founded last year, Cresset's suite of offerings also includes Cresset Wealth Advisors. Led by industry veteran Doug Regan, Cresset Wealth Advisors combines wealth management services with direct access to private investments and surpassed $2 billion in assets under management in its first year of operation.

About Cresset

Private equity entrepreneurs Eric Becker and Avy Stein founded Cresset Capital Management with a vision to reinvent wealth management and with a firm belief that clients deserve better. Within the Cresset affiliates' suite of offerings, Cresset Wealth Advisors, an SEC registered investment advisor, provides individuals and families with access to deeply personalized, comprehensive wealth management services. Cresset Partners, its private investing arm, offers clients direct, often exclusive access to real estate, private equity and secondaries deals. Most recently, Cresset announced plans to launch Cresset Family Office, offering access to an industry-leading, multi-family office for clients whose business is managing their wealth.

 

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