{
  "crd_number": 288566,
  "slug": "cresset-asset-management-llc-chicago-il-288566",
  "primary_business_name": "CRESSET ASSET MANAGEMENT, LLC",
  "legal_name": "CRESSET ASSET MANAGEMENT, LLC",
  "dbas": [
    "CH INVESTMENT PARTNERS",
    "CRESSET",
    "CRESSET CAPITAL",
    "CRESSET SPORTS + ENTERTAINMENT"
  ],
  "city": "Chicago",
  "state": "IL",
  "country": "United States",
  "cbsa_code": "16980",
  "metro": {
    "cbsa_code": "16980",
    "common_name": "Chicago",
    "msa_name": "Chicago-Naperville-Elgin, IL-IN",
    "path": "/advisors/il/chicago"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2017-07-10",
  "years_registered": 9,
  "period": "2026-10-01",
  "filing_date": "2026-08-13",
  "carried_forward": false,
  "raum_total": 78936263960.0,
  "raum_discretionary": 77154210754.0,
  "raum_non_discretionary": 1782053206.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 496,
  "advisory_employees": 187,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 440867630.0,
      "count": 17
    },
    "individuals": {
      "raum": 156407428.0,
      "count": 1079
    },
    "high_net_worth_individuals": {
      "raum": 69765063468.0,
      "count": 3667
    },
    "pooled_investment_vehicles": {
      "raum": 7978383110.0,
      "count": 145
    },
    "corporations_other_businesses": {
      "raum": 595542324.0,
      "count": 3
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://barrons.com/advisor/finder/cresset",
    "https://bsky.app/profile/cressetcapital.com",
    "https://chinvestments.com",
    "https://cressetcapital.com",
    "https://facebook.com/cressetcapital",
    "https://facebook.com/p/The-Connable-Office-Inc-100067332757442?_rdr=",
    "https://forbes.com/companies/cresset",
    "https://g.co/kgs/17qbrkq",
    "https://g.co/kgs/7iCs5SU",
    "https://g.co/kgs/8esTfNX",
    "https://g.co/kgs/ApbBLEN",
    "https://g.co/kgs/R6JBe4g",
    "https://g.co/kgs/SWHBDfK",
    "https://g.co/kgs/SctXSjq",
    "https://g.co/kgs/UqnCiM1",
    "https://g.co/kgs/c2kdRdH",
    "https://g.co/kgs/eSmwqXV",
    "https://g.co/kgs/hMZ9mzz",
    "https://g.co/kgs/j5KfFMF",
    "https://g.co/kgs/jzPD2Cc",
    "https://g.co/kgs/kMZvP32",
    "https://g.co/kgs/nSLJ1r5",
    "https://g.co/kgs/tJ1WpeF",
    "https://g.co/kgs/tXNbY4V",
    "https://g.co/kgs/uJgGJV2",
    "https://g.co/kgs/wvujUds",
    "https://instagram.com/cressetwealth",
    "https://instagram.com/ericbeckerofficial",
    "https://launch-generation.com",
    "https://linkedin.com/company/berman-capital-advisors-llc",
    "https://linkedin.com/company/ch-investment-partners",
    "https://linkedin.com/company/cresset-capital",
    "https://linkedin.com/company/meristemfamilywealth",
    "https://linkedin.com/company/monticello-associates",
    "https://linkedin.com/company/pagnatokarp",
    "https://linkedin.com/company/the-connable-office-inc",
    "https://linkedin.com/company/true-capital-management",
    "https://longgamebook.com",
    "https://membershipprogram.cressetcapital.com",
    "https://monticelloassociates.com",
    "https://quora.com/profile/Cresset-2",
    "https://reddit.com/user/Cresset_wealth",
    "https://rfallp.com",
    "https://x.com/Cresset_",
    "https://youtube.com/@cressetwealth"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/288566",
  "city_as_filed": "CHICAGO",
  "url": "https://advisorcensus.com/firm/cresset-asset-management-llc-chicago-il-288566",
  "display_name": "Cresset Asset Management, LLC",
  "summary": "Cresset Asset Management, LLC is an SEC-registered investment advisory firm in Chicago, IL, registered since 2017, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 13, 2026.",
  "citation": "AdvisorCensus. Cresset Asset Management, LLC (CRD 288566): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is Cresset Asset Management, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Cresset Asset Management, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees."
    },
    {
      "q": "Where is Cresset Asset Management, LLC located?",
      "a": "Cresset Asset Management, LLC's principal office is in Chicago, IL, according to its Form ADV; the September 2026 filing also lists 16 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Cresset Asset Management, LLC registered with the SEC or a state?",
      "a": "Cresset Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 288566."
    },
    {
      "q": "How much does Cresset Asset Management, LLC manage?",
      "a": "Cresset Asset Management, LLC reports $78,936,263,960 in regulatory assets under management in its Form ADV filing dated August 13, 2026 (98% discretionary)."
    },
    {
      "q": "How have Cresset Asset Management, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Cresset Asset Management, LLC: Regulatory assets under management: $13,976,429,233 in the October 2021 data and $78,936,263,960 in the October 2026 data, up 465%. Total employees: 146 in October 2021 and 496 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Cresset Asset Management, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (3,667); individuals (other than high net worth individuals) (1,079); pooled investment vehicles (other than investment companies and business development companies) (145)."
    },
    {
      "q": "Which custodians does Cresset Asset Management, LLC use?",
      "a": "Cresset Asset Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Fidelity Brokerage Services LLC and Pershing LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Cresset Asset Management, LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/288566"
    },
    {
      "q": "Does Cresset Asset Management, LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 27, 2026 says: \"Cresset generally does not impose a minimum size for establishing a relationship although it may impose a minimum annual fee as stated above.\""
    },
    {
      "q": "What changed in Cresset Asset Management, LLC's recent Form ADV filings?",
      "a": "In the June 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 13976429233.0,
      "total_employees": 146,
      "filing_date": "2021-10-01"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 22967857515.0,
      "total_employees": 298,
      "filing_date": "2022-08-11"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 40730067238.0,
      "total_employees": 383,
      "filing_date": "2023-09-26"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 52506642484.0,
      "total_employees": 402,
      "filing_date": "2024-09-11"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 70378422406.0,
      "total_employees": 468,
      "filing_date": "2025-07-16"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 78936263960.0,
      "total_employees": 496,
      "filing_date": "2026-08-13"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Added the business name Cresset Capital.",
        "Employees performing advisory functions went from 191 to 187.",
        "Changed its office addresses in Charlotte, NC.",
        "Changed its office addresses in New York, NY.",
        "Changed its office addresses in Santa Barbara, CA.",
        "Changed its office addresses in Scottsdale, AZ.",
        "No longer lists an office in Nashville, TN.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Registered or notice-filed in PR."
      ]
    },
    {
      "period": "2025-11-01",
      "period_label": "November 2025",
      "notes": [
        "Changed its office addresses in San Francisco, CA.",
        "Changed its office addresses in Santa Barbara, CA.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 27, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "Cresset generally does not impose a minimum size for establishing a relationship although it may impose a minimum annual fee as stated above."
        ]
      }
    ],
    "quotes": [
      "Cresset generally does not impose a minimum size for establishing a relationship although it may impose a minimum annual fee as stated above."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    },
    {
      "name": "Pershing LLC",
      "name_as_filed": "PERSHING LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/cresset-asset-management-llc-chicago-il-288566.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 1079,
      "fewer_than_5": false,
      "raum": 156407428.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 3667,
      "fewer_than_5": false,
      "raum": 69765063468.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 145,
      "fewer_than_5": false,
      "raum": 7978383110.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 17,
      "fewer_than_5": false,
      "raum": 440867630.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 3,
      "fewer_than_5": false,
      "raum": 595542324.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/288566",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}