Clients
Cresset Asset Management serves 4,911 clients, 3,667 of them high-net-worth individuals. The average client has about $16 million with the firm, and high-net-worth clients hold 88% of its $78.9 billion in assets.
- High-net-worth individuals3,667 clients88%
- Pooled investment vehicles145 clients10%
- OtherIndividuals, Charitable organizations, Corporations and other businesses2%
What it does
Cresset Asset Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers and educational seminars. It is paid through a percentage of assets, fixed fees and performance-based fees.
Cresset Asset Management provided financial planning to 11–25 clients last fiscal year and advises 145 private funds.
97.7% of assets ($77.15B across 31,788 accounts) are managed with discretion; $1.78B across 1,106 accounts are not. $2.15B sits in a wrap fee program the firm both sponsors and manages. 0% of clients are outside the U.S., and 13 clients received advice without assets under management last fiscal year.
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| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,079 | $156,407,428 | 0.2% | $145K |
| High-net-worth individuals | 3,667 | $69,765,063,468 | 88.4% | $19.0M |
| Pooled investment vehicles | 145 | $7,978,383,110 | 10.1% | $55.0M |
| Charitable organizations | 17 | $440,867,630 | 0.6% | $25.9M |
| Corporations and other businesses | 3 | $595,542,324 | 0.8% | $198.5M |
| Total | 4,911 | $78,936,263,960 | 100% | $16.1M |
- Regulatory AUM
- $156,407,428
- Share
- 0.2%
- Avg. per client
- $145K
- Regulatory AUM
- $69,765,063,468
- Share
- 88.4%
- Avg. per client
- $19.0M
- Regulatory AUM
- $7,978,383,110
- Share
- 10.1%
- Avg. per client
- $55.0M
- Regulatory AUM
- $440,867,630
- Share
- 0.6%
- Avg. per client
- $25.9M
- Regulatory AUM
- $595,542,324
- Share
- 0.8%
- Avg. per client
- $198.5M
What the accounts hold
- Stocks30%
- Funds40%
- Registered funds30%
- Pooled vehicles10%
- Bonds17%
- State and local bonds9%
- U.S. government and agency bonds6%
- Investment grade corporate bonds2%
- Cash11%
- Other2%
- Promissory notes, and various direct investments2%
Custodians
Cresset Asset Management’s client accounts are held mainly at Fidelity, with 10% of managed assets, and Pershing, with 8%. Cresset Asset Management has custody of $30.80B for 3,277 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $8.24B10%
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $1.18B1%
- PershingPershing LLC · Jersey City, NJ · $6.02B8%
- All other custodians$63.49B80%
Ownership and leadership
CCM Midco, LLC owns 75% or more of Cresset Asset Management, and Susan Hamilton is its CEO.
- Owns 75% or more of Cresset Asset Management, LLC
CCM Midco, LLC
Control person · since June 2024
- Owns 75% or more of CCM Midco, LLC
Cresset Capital Management, LLC
Control person · since June 2024
Leadership
- Susan HamiltonMember, Chief Executive Officer
- Michael CostabileExecutive Managing Director, Chief Financial Officer
- Amy HongExecutive Managing Director, Chief Operating Officer & Chief Compliance Officer
- Jack AblinExecutive Managing Director, Founding Partner & Chief Investment Strategist
- John AmboianMember, Board of Directors CCM
- Eric BeckerMember, Board of Directors CCM
- Brenton DurhamMember, Board of Directors CCM
- Karl HeckenbergMember, Board of Directors CCM
- Jessica MalkinExecutive Managing Director, Chief Growth Officer
- Douglas ReganFounding Partner & Co-Chairman
- Mayo ShattuckMember, Board of Directors CCM
- Michael SilvermanExecutive Managing Director, Chief Investment Officer
- Avy SteinMember, Board of Directors CCM
- Paul TramontanoMember, Board of Directors CCM
Staff
- 496 employees
- 187 in advisory functions
- 183 state-registered reps
- 9 insurance agents
- 10 soliciting firms
Reported holdings
Cresset Asset Management’s reported 13F holdings total $27.64B across 1,747 positions, and the ten largest make up 43.8% of it.
- $27.64B
- Reported 13F value
- 1,747
- Positions
- 43.8%
- In the 10 largest
- +19.6%
- Value vs. prior quarter
- Arista Networks Inc. · Com Shs11.9%
- State Str SPDR S&P 500 ETF T · TR Unit10.1%
- iShares TR · Core S&P500 ETF6.4%
- Invesco Exchange Traded FD T · S&P500 Eql Wgt3.4%
- Vanguard Index Fds · S&P 500 ETF Shs3.2%
- iShares TR · Core MSCI Eafe2.0%
- Apple Inc.2.0%
- iShares TR · Core S&P Scp ETF1.8%
- Alphabet Inc. · Cap Stk CL A1.5%
- Vanguard Intl Equity Index F · Allwrld EX US1.4%
Together, the ten largest are 43.8% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $27.64B is not its $78.94B in regulatory assets and does not represent any individual client's portfolio.
Fees
Cresset Asset Management charges 0.60% to 1.25% a year for investment advisory services.
| Service | Stated range | How it is charged |
|---|---|---|
| Investment advisory services | 0.60% to 1.25% a year | Tiered percentage of assets under management; negotiable, billed in advance or in arrears. |
| Portfolio up to $5,000,000 | 1.25% a year | One tier of the fee schedule |
| Portfolio from $5,000,000 to $10,000,000 | 0.90% a year | One tier of the fee schedule |
| Portfolio from $10,000,000 to $25,000,000 | 0.80% a year | One tier of the fee schedule |
| Portfolio from $25,000,000 to $50,000,000 | 0.70% a year | One tier of the fee schedule |
| Portfolio above $50,000,000 | 0.60% a year | One tier of the fee schedule |
- Stated range
- 0.60% to 1.25% a year
- How it is charged
- Tiered percentage of assets under management; negotiable, billed in advance or in arrears.
- Stated range
- 1.25% a year
- How it is charged
- One tier of the fee schedule
- Stated range
- 0.90% a year
- How it is charged
- One tier of the fee schedule
- Stated range
- 0.80% a year
- How it is charged
- One tier of the fee schedule
- Stated range
- 0.70% a year
- How it is charged
- One tier of the fee schedule
- Stated range
- 0.60% a year
- How it is charged
- One tier of the fee schedule
- Minimum fee
- The annual minimum fee is $25,000.
Offices and registrations
Besides its headquarters, Cresset Asset Management has 24 offices (8 private residences, listed without an address), with 17 listed addresses across 12 states.
California · 4 listed addresses
- 101 California ST, San Francisco
- 2500 Sand Hill RD, Menlo Park
- 2029 Century Park East, Los Angeles
- 120 East De La Guerra Street, Santa Barbara
Florida · 2 listed addresses
- 525 Okeechobee BLVD, West Palm Beach
- 800 Laurel Oak Drive, Naples
Texas · 2 listed addresses
- 2001 Kirby Drive, Houston
- 3953 Maple Avenue, Dallas
Arizona · 1 listed address
- 16430 N Scottsdale RD, Scottsdale
Colorado · 1 listed address
- 1144 15th Street, Denver
Connecticut · 1 listed address
- 88 Field Point Suite 102, Greenwich
Georgia · 1 listed address
- 3445 Peachtree Road, Atlanta
Illinois · 1 listed address
- 444 W. Lake Street, Suite 4700, ChicagoHQ
Minnesota · 1 listed address
- 701 Carlson Parkway, Minnetonka
New York · 1 listed address
- 565 5th Avenue, New York
North Carolina · 1 listed address
- 4525 Sharon Road, Charlotte
Virginia · 1 listed address
- 1900 Reston Metro Plaza, Reston
Other business names
Cresset Asset Management has reported 4 other business names to the SEC.
- CH Investment Partners
- Cresset
- Cresset Capital
- Cresset Sports + Entertainment
Registration details
- Legal name
- Cresset Asset Management, LLC
- Headquarters
- 444 W. Lake Street, Suite 4700, Chicago, IL 60606
- Phone
- 312-429-2400
- Website
- Not reported
- SEC file
- 801-110753
- Founded
- 2017
- Structure
- Delaware LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Cresset Asset Management have?
Cresset Asset Management has 4,911 clients and manages $78.9 billion for them, as of August 2026. They include 3,667 high-net-worth individuals, 1,079 other individuals and 145 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 13 August 2026
What services does Cresset Asset Management offer?
Cresset Asset Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers and educational seminars. Its services also include education planning, estate planning, family office services and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Cresset Asset Management charge?
Cresset Asset Management charges 0.60% to 1.25% a year for investment advisory services. Other rates: portfolio up to $5,000,000 (1.25% a year), portfolio from $5,000,000 to $10,000,000 (0.90% a year), portfolio from $10,000,000 to $25,000,000 (0.80% a year), portfolio from $25,000,000 to $50,000,000 (0.70% a year) and portfolio above $50,000,000 (0.60% a year).
Source: Part 2A brochure, Item 5
Which custodians does Cresset Asset Management use?
Cresset Asset Management’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $8,244,828,253, Pershing LLC (Jersey City, NJ), with $6,015,237,831 and Charles Schwab & Co., Inc. (San Francisco, CA), with $1,183,246,018. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 13 August 2026
How many financial advisors does Cresset Asset Management have?
Cresset Asset Management has 183 investment adviser representatives registered with state securities authorities, out of 496 employees, and 187 perform investment advisory functions. 0 are registered representatives of a broker-dealer and 9 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Cresset Asset Management invest in?
At the end of its last fiscal year, Cresset Asset Management’s separately managed accounts held 30% exchange-traded equities, 30% registered funds (mutual funds, ETFs, BDCs), 11% cash and equivalents, 10% pooled vehicles (private funds and similar), 9% state and local bonds, 6% U.S. government and agency bonds, 2% investment grade corporate bonds and 2% promissory notes, and various direct investments. It advises 145 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Cresset Asset Management have a minimum investment?
No, Cresset Asset Management has no minimum account size.
Source: Part 2A brochure, Items 5 and 7
Who owns Cresset Asset Management?
Cresset Asset Management is owned through a holding company by Cresset Capital Management, LLC. Its direct owner is CCM Midco, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 13 August 2026
How does Cresset Asset Management get paid?
Cresset Asset Management is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file