Curated News
By: NewsRamp Editorial Staff
August 19, 2025
Cresset and Monticello Merge in $200B Wealth Management Power Move
TLDR
- Cresset's partnership with Monticello Associates creates a $196 billion powerhouse, offering clients superior access to exclusive investment opportunities in public and private markets.
- The strategic combination integrates Cresset's multi-family office platform with Monticello's non-discretionary advisory services, enhancing institutional capabilities through shared research and global investment access.
- This partnership strengthens long-term client service and innovation, building a sustainable firm dedicated to improving wealth management for families and institutions worldwide.
- Cresset and Monticello Associates merge to form a nearly $200 billion entity, uniting 58 experts to redefine investment advisory with entrepreneurial spirit.
Impact - Why it Matters
This partnership represents a significant consolidation in the wealth management industry that could reshape how high-net-worth individuals, families, and institutions access investment opportunities. For clients of both firms, the combination means enhanced research capabilities, broader access to premier investment managers across public and private markets, and strengthened advisory services. The creation of a $200 billion entity provides scale advantages typically only available to the largest institutions, potentially offering better investment terms, more sophisticated strategies, and improved risk management. For the broader financial services landscape, this merger signals continued consolidation in the family office and institutional advisory space, potentially setting new standards for client service and investment access. The emphasis on maintaining independence and client-first values while achieving significant scale could influence how other wealth management firms approach growth and client service in an increasingly competitive market.
Summary
Cresset, a client- and employee-owned multi-family office built by entrepreneurs for entrepreneurs, has announced a strategic partnership with Monticello Associates, an independent investment consulting firm specializing in non-discretionary advisory services for foundations, endowments, and family offices. This landmark combination brings together two powerhouse organizations with a combined total of nearly $200 billion in assets, creating one of the most significant forces in the wealth management industry. The partnership, expected to close later this year, will see Monticello Associates' entire 58-member team join Cresset, combining Cresset's multi-family office platform with Monticello's sophisticated investment consulting expertise.
Key leaders driving this transformative partnership include Cresset Founders and Co-Chairmen Avy Stein and Eric Becker, along with Monticello Associates Founder and Executive Chairman Grady Durham. The collaboration represents a perfect cultural and strategic alignment between two firms known for their client-first approach, entrepreneurial spirit, and commitment to independence. Both organizations emphasize their shared values and long-term vision to build a 100+-year firm dedicated to serving families and institutions with purpose, care, and innovation. The partnership will provide enhanced access to leading fund managers across both public and private markets, significantly expanding investment opportunities for clients.
Founded in 1992, Monticello Associates brings approximately $124 billion in assets under advisement and serves 175 long-term client relationships from its Denver headquarters and additional offices in Cleveland, Boston, and Washington, D.C. Cresset, recognized by Barron's and Forbes among the nation's top multi-family offices, manages approximately $72 billion in assets and is known for reimagining how wealth is experienced. This strategic combination strengthens Cresset's institutional advisory capabilities while maintaining the bespoke, boutique approach to client service that both firms are renowned for, ensuring continuity for existing clients while creating new opportunities for future generations.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Cresset and Monticello Merge in $200B Wealth Management Power Move
