Two advisory teams that formerly managed approximately $5 billion in assets for 160 client households have joined the San Francisco office of Cresset Capital Management.
The three lead advisors and 12 supporting financial professionals previously served with J.P. Morgan Wealth Management, and prior to that, with First Republic Bank, according to a news release from Cresset, an independent, multi-family office and private investment firm with more than $45 billion in assets under management.
One team, led by Dagny Maidman, has 10 professionals, including two with law degrees, two with CFA designations, and two CFPs professionals. The team is “acutely sensitive to weeding out uncompensated risk and employs dynamic hedging strategies to generate income, reduce portfolio volatility, and manage concentrated stock positions,” according to the release.
Chris Chase and Erik Ralston, each with more than 20 years of industry experience, lead a team of five investment professionals. “They provide comprehensive, tax-efficient wealth strategies to entrepreneurs, multi-generational families, company executives, and non-profit organizations,” the release states.
