Ingested web source. Publicly published third-party content.
Client record: Cresset Wealth Advisors (ACC-050). The announcements are genuine; the account data they are joined to is demonstration data.
Source: PR Newswire / Morningstar
Published: 21 July 2026
Cresset has hired two managing directors from Lazard Wealth who jointly oversaw $1.1 billion in assets under advisement, placing one in Los Angeles and one in New York.
The release describes Cresset's model as integrating investment advisory, private markets access, trust services, tax strategy and family governance on one platform.
Relevance: private markets access is named as a core capability. First Rate currently provides no alternatives or partnership accounting service to this account.
Source: InvestmentNews
Published: 30 July 2026
A managing director joining from Manchester Capital brings more than $600 million in client assets. He holds the CAIA designation and advised on public and private market investing.
The article notes a year of aggressive recruiting adding billions in assets across four US offices.
Source: InvestmentNews company page
Published: consulted 3 August 2026
URL: https://www.investmentnews.com/companies/cresset/265378
Cresset's affiliated private markets arm, Cresset Partners, has rebranded as Peakline Partners to build its own identity.
In March 2026 Cresset appointed a Morgan Stanley alum to lead a new OCIO business.
Relevance: an OCIO mandate requires institutional-grade performance measurement and GIPS composite support. The account already holds GIPS Compliance Support, so the incremental need is multi-currency reporting, data services and the alternatives range.
Retrieved from public sources. Quoted and paraphrased for internal account planning; copyright remains with the publishers.