Cresset Adds 16-Person UBS Team With $4 Billion, Opening First Boca Raton Office
Updated
Updated · Wealth Management · Aug 25
Cresset Adds 16-Person UBS Team With $4 Billion, Opening First Boca Raton Office
3 articles · Updated · Wealth Management · Aug 25
Summary
$4 billion in client assets moved to Cresset with a 16-person UBS team led by Michael Bober and Ed Ventrice, giving the firm its first Boca Raton office.
The group spent 11 years at UBS and advises corporate executives, business owners, high-net-worth families, foundations, endowments and professional athletes, adding institutional consulting and succession-planning capabilities.
Cresset, which oversees more than $250 billion in client assets, has been recruiting aggressively in wealth management, including July hires from Lazard Wealth with $1.1 billion and a February hire from Baker Street Advisors with a $2 billion book.
The Boca Raton expansion deepens Cresset's South Florida presence as the employee-owned firm, founded in 2017, continues to build scale through advisor lift-outs and acquisitions.