Cresset Welcomes Mark Ostroff as New Managing Director for Wealth Advisory

Mark Ostroff Joins Cresset as a Managing Director

Cresset, a recognized leader in wealth management, has recently welcomed Mark Ostroff as its new Managing Director and Wealth Advisor. Based in Cresset's New York office, Ostroff comes with over 35 years of experience in the financial sector, particularly in building and nurturing advisory relationships with ultra-high-net-worth individuals, family offices, and entrepreneurs.

Mark's appointment is aimed at expanding Cresset's footprint in the New York market by enhancing its service offerings and deepening its connections with sophisticated clients seeking integrated wealth management solutions.

A Wealth of Experience

Before joining Cresset, Ostroff held a significant role as Managing Director at Evoke Advisors, where he developed tailored investment strategies for clients dealing with complex financial situations. His illustrious career includes founding and managing multiple asset management firms, such as Graystone Partners, which specialized in manager selection and direct investments. These ventures have been successful enough to attract larger institutions, making them key players in the industry.

Ostroff began his professional journey as a Certified Public Accountant (CPA) with Price Waterhouse. He then transitioned to investment advisory roles at prestigious firms, including Goldman Sachs, Morgan Stanley, and Kidder Peabody, where he led the Asian investment banking office in Hong Kong. His extensive experience in wealth management and investment banking uniquely qualifies him to provide clients with invaluable insights and personalized financial strategies.

Strengthening Relationships at Cresset

The Executive Managing Director of Cresset, Paul Tramontano, expressed enthusiasm about Ostroff's addition to the team, stating, "Mark brings an incredible depth of experience and an extraordinary network of relationships to Cresset." He emphasized how Cresset's commitment to delivering a comprehensive suite of services has established it as a trusted partner for family offices and ultra-high-net-worth investors.

In his own words, Ostroff expressed his excitement about joining Cresset, stating, "I am honored and excited to bring my experience and relationships to build upon Cresset's stellar reputation." He aims to further enhance the company's established status in the competitive realm of wealth management.

Broader Impact and Philanthropic Engagement

Mark Ostroff's professional journey goes beyond corporate success; he is also dedicated to philanthropy. He serves on the boards of Shaklee Global and Children's Rights, advocating for meaningful causes. His long-term affiliation with the Young Presidents' Organization (YPO) demonstrates his commitment to fostering leadership and maintaining a robust professional network. Over the years, he has held several leadership positions within YPO, contributing invaluable insights to fellow members.

An alumnus of prestigious institutions, Ostroff received his Bachelor of Science in Engineering in Accounting and Statistics from The Wharton School of the University of Pennsylvania and an MBA in Finance from the University of Chicago Booth School of Business. He resides in New York City with his wife and their four children, balancing his professional endeavors with family life.

About Cresset

Cresset is an independent, multi-family office and private investment firm focused on reimagining wealth management experiences for its clients. By offering tailored solutions that align with each client's vision for success, Cresset aims to optimize both wealth and life. With a firm commitment to fostering long-term relationships and delivering exceptional services, Cresset is positioned as one of the top multi-family offices in the nation, recognized by prominent publications like Barron's and Forbes.

As a company built on client-centric values, Cresset is steadfast in its mission to create an enduring legacy, committed to serving families and the team that supports them for generations to come.