Cresset Asset Management, LLC
Assets Under Management
$62.0B
Number of Clients
4,540
Number of Advisors
176
Average Client AUM
$13.7M
AUM per Advisor
$352.4M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Cresset offers wealth management, financial planning, and discretionary/non-discretionary investment advisory services. They establish investment strategies, asset allocation, and portfolio construction tailored to client needs. They also provide private fund advisory services and family office services through an affiliate. Cresset manages investments across various asset classes and uses active and passive management strategies.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $5.0M | 1.25% |
| $5.0M - $10.0M | 1.10% |
| $10.0M - $25.0M | 0.90% |
| $25.0M - $50.0M | 0.80% |
| $50M+ | 0.70% |
Minimum Fee is the lesser of $25,000 or 2.00% of Managed Assets. Fees may be negotiable at the discretion of the Adviser.
Fee Estimator
Cresset's advisory fees are generally based on the market value of assets under management and are billed quarterly. The standard fee schedule ranges from 1.25% to 0.60% annually, depending on the amount of assets managed. A minimum annual fee of $25,000 (not to exceed 2.00% annually) may apply in certain circumstances. Fees are negotiable. Financial planning and consulting services are generally provided for a fixed or flat fee. Family office services are offered through CFO for a separate fee. Retirement plan advisory fees range up to 2% annually.
Areas of Practice
Location
444 W. Lake Street, Suite 4700, Chicago, IL, 60606