Cresset, a fast-growing RIA with $13.3 billion in client assets, is making strategic hires to accelerate growth in the expanding independent advisor sector. The firm has brought on Gabriel Garcia as managing director of corporate development and Matt Mongia as managing director of private capital to strengthen acquisitions and minority investments. Ranked among Barron’s Top 100 RIAs, Cresset has completed three acquisitions, including the $2.3 billion PagnatoKarp RIA, and is focused on recruiting advisor teams and expanding its national footprint.
The independent advisory market is experiencing record M&A activity, driven by high valuations, private equity interest, succession planning, and a wave of advisors leaving wirehouses. Cresset, founded in 2017 by former private equity executives, provides family office services, financial planning, and direct access to private equity, real estate, and credit opportunities. The firm operates nine offices across the U.S., with 179 employees, positioning itself for continued growth and scale…