Cresset has expanded its San Francisco presence by acquiring two advisory teams formerly associated with J.P. Morgan Wealth Management and originally from First Republic Bank. These teams include three lead advisors and 12 additional financial professionals, managing a combined total of approximately $5 billion in assets.
One of the teams, consisting of 10 members, is led by Dagny Maidman, who recently joined Cresset. Maidman had an eight-year tenure at First Republic and JP Morgan, most recently serving as a senior managing director at First Republic. Her team has been together for approximately 10 years and includes associates with CFA designations and two Certified Financial Planners. They are known for their ability to create comprehensive solutions for ultra-high-net-worth clients.
The second team, comprising five members, is directed by Chris Chase and Erik Ralston, who each have more than 20 years of industry experience. Chase, who joined First Republic in October 2015, was a managing director there until its acquisition by JP Morgan. Similarly, Ralston joined First Republic in 2015 and served as a managing director and wealth manager post-acquisition.
The two teams have had a successful partnership and are looking forward to providing their clients with access to Cresset's platform.
To view the press release, click here.
