Cresset and Monticello Associates Join Forces to Enhance Investment Advisory Services

Cresset and Monticello Associates Unite for Greater Advisory Services

In an exciting development within the finance sector, Cresset, a well-regarded multi-family office, has announced a strategic partnership with Monticello Associates, an independent investment consulting firm. This merger aims to consolidate their assets to nearly $200 billion, combining resources and expertise to offer enhanced investment advisory services to their clientele. This collaboration is set to close by the end of the year, and it seeks to reinforce Cresset's position in the investment advisory landscape.

Located at the crossroads of entrepreneurship and wealth management, Cresset prides itself on being both client- and employee-owned. With its foundation rooted in a vision of innovation and strong client relationships, the firm aims to redefine how wealth is managed and experienced. Their objective is clear: to create a lasting firm focused on independence and client-centric values.

Monticello Associates, established in 1992, specializes in providing tailored investment advice to endowments, foundations, and family offices. With about $124 billion in non-discretionary assets under advisement, Monticello serves 175 clients and enjoys a reputation built on excellence and deep expertise in the institutional investment advisory sphere. This partnership promises to align both firms' missions as they unite under a common goal — enhancing their advisory capabilities and creating a robust platform for their clients.

The leaders of both firms expressed enthusiasm about the merger. Avy Stein, Founder and Co-Chairman of Cresset, highlighted the long-standing relationship with Monticello's leadership, noting that their values and client-first approach resonate deeply. He stated, "Together, we are creating a platform that not only expands access to premier investment opportunities across public and private markets but also strengthens our vision of a 100-year firm dedicated to serving families and institutions with purpose, care, and innovation."

Eric Becker, another Co-Chairman at Cresset, echoed these sentiments, seeing this merger as an opportunity to extend bespoke services to an even larger clientele. He emphasized both firms' commitment to a customized approach, ensuring that while they grow in scale, they remain committed to their foundational philosophies.

On the flip side, Grady Durham, Founder and Executive Chairman of Monticello Associates, described the partnership as a natural evolution in their mission to provide sophisticated advisory services. This merger ensures continuity for Monticello's established clientele while positioning them to meet evolving market needs with a stronger backing of research capabilities and global investment access.

This union of Cresset and Monticello Associates is a significant milestone, as both firms embark on a journey to redefine investment advisory excellence in a rapidly changing market environment. With a shared commitment to independence, innovation, and elevated client service, the collaboration is poised to not only enrich the services they deliver but also to enhance the client experience in profound ways.

In conclusion, the strategic combination of Cresset and Monticello Associates not only marks a pivotal moment for both firms but also signifies a robust vision for the future of investment advisory services, ultimately aiming at redefining wealth management for generations to come.