#United States #Wealth Management #Lake Forest #Crescent Grove #Andrew Krei

Crescent Grove Advisors Promotes Andrew Krei to Chief Investment Officer

Crescent Grove Advisors, a prominent employee-owned boutique wealth management firm, has officially announced the promotion of Andrew Krei, CFA, to the position of Chief Investment Officer (CIO). This change signifies the firm’s commitment to nurturing talent from within and is a pivotal moment as the company embarks on its second decade of operations.

Founded in 2015, Crescent Grove has built its reputation by focusing on serving ultra-high-net-worth clients, including individuals, families, institutions, foundations, and endowments. Krei, who previously held the role of Co-Chief Investment Officer, has been instrumental in shaping the firm's investment strategies and overseeing market analysis. His new role will see him leading the investment team, directing the firm’s overall investment strategy and maintaining its responsive approach to asset allocation and portfolio construction.

Dave Keevins, the firm’s Founder, Managing Director, and Senior Client Advisor, will transition into the role of Chairman of the Crescent Grove Investment Committee. While Keevins remains active in the firm, he will now focus on overseeing the investment committee and guiding its strategic direction. His experience and leadership have been crucial in mentoring Krei throughout their two-decade-long professional relationship.

In light of the announcement, Keevins expressed pride in Krei's new role, stating, "We have worked alongside each other for almost two decades, and now is the perfect time for him to take over managing the day-to-day operations of the Investment Committee. I am confident that Crescent Grove Advisors is well-positioned to strengthen our investment in both our people and our clients."

Krei's background includes leading investment research at Cedar Street Advisors, where he contributed significantly to investment due diligence. His academic credentials include a degree from the University of California at Los Angeles (UCLA) and active membership in the CFA Society in Milwaukee. He is known for communicating the firm’s investment outlook effectively and providing insights into market trends, monetary policy, and the global financial landscape.

"I am grateful for the confidence that the firm has placed in me and excited to continue working alongside such a talented group of colleagues," said Krei. His vision for Crescent Grove is to uphold a best-in-class, open-architecture investment platform, ensuring the firm can navigate the increasingly complex financial environment to deliver exceptional client outcomes.

The elevation of Krei aligns with Crescent Grove’s broader strategy of organic growth, prioritizing internal development, expanding expertise, and creating infrastructure that meets the evolving needs of sophisticated clients. This emphasis on building capabilities from within allows the firm to maintain its personalized, family-centric model.

Crescent Grove Advisors' operational approach combines comprehensive wealth management and investment advisory services, focusing on collaboration with clients and external providers to craft holistic financial strategies. With over $5 billion in assets under management, the firm is steadfast in its mission to serve high-net-worth individuals with tailored solutions that encompass investment, tax planning, estate and trust management, and philanthropic guidance.

The leadership changes at Crescent Grove Advisors reflect a robust internal succession plan designed to enhance its service offerings while preserving the culture that has defined the firm from its inception. As Krei takes on this crucial leadership role, the organization is well-equipped to face future challenges and opportunities in the wealth management sector.

To learn more about Crescent Grove Advisors and its services, visit crescentgroveadvisors.com.