FAQ: Cresset and Monticello Associates Strategic Partnership

What is the main topic of this announcement?

Cresset is partnering with Monticello Associates in a strategic combination that will bring together their expertise and assets to strengthen institutional advisory services and expand investment opportunities.

Why is this partnership significant?

It combines Cresset’s multi-family office platform with Monticello Associates’ sophisticated investment consulting business, creating a firm with nearly $200 billion in assets and enhanced capabilities to serve families and institutions.

Who is involved in this partnership?

Cresset, a client- and employee-owned multi-family office, and Monticello Associates, an independent investment consulting firm that is 100% employee owned and provides services to foundations, endowments, and family offices.

When is the partnership expected to close?

The partnership is expected to close later this year, though no specific date is provided in the content.

Where are the companies based and where will they operate?

Cresset is based in Chicago, and Monticello Associates is headquartered in Denver with additional offices in Cleveland, Boston, and Washington, D.C. The partnership will bring the entire Monticello team to Cresset.

How many team members are joining from Monticello Associates?

The entire Monticello Associates team of 58 members will join Cresset as part of this partnership.

What are the assets under advisement for Monticello Associates?

As of December 31, 2024, Monticello Associates oversees approximately $124 billion of non-discretionary assets under advisement (AUA).

What benefits does this partnership provide to clients?

Clients will gain expanded access to premier investment opportunities across both public and private markets through the combined expertise and resources of both firms.

How does this align with Cresset’s long-term vision?

This partnership reinforces Cresset’s vision to build a 100+-year firm rooted in independence, innovation, and client-first values while strengthening its institutional advisory capabilities.

What type of services does Monticello Associates provide?

Monticello Associates provides highly specialized, non-discretionary investment advisory services to 175 long-term client relationships, primarily foundations, endowments, and family offices.