A fast-growing Chicago-based RIA aims to go big in the Lone Star State.
Cresset Asset Management, a $12 billion-AUM firm, has hired advisor Hanley Sayers from Goldman Sachs and installed him in a new Houston office.
Sayers oversaw $500 million at Goldman Sachs.
Since its founding in 2017 by private equity entrepreneurs Eric Becker and Avy Stein, Cresset has grown to seven offices: Chicago; West Palm Beach, Florida; Atlanta; Minneapolis; Denver; San Francisco; and Reston, Virginia. In addition to recruiting individual talent, it also buys RIAs. Last year, for example,
Cresset says it offers clients access to family office services, private investments, wealth management, investment advisory and goals-based planning. Through its private investing group, Cresset Partners, the firm offers clients access to real estate, private equity and other investment opportunities.
“At Cresset, we offer independence, a true fiduciary environment and the depth of resources needed to build their books of business,” Avy Stein, Cresset co-founder and co-chairman, said in a statement.
Sayers said in a statement he was drawn to join Cresset for its vision and strategy. He had been registered with Goldman Sachs since 2011, according to FINRA BrokerCheck records. Prior to Goldman Sachs, Sayers worked at Osprey Development and Sotheby's International Realty, according to his new employer.
He earned an MBA from the McCombs School of Business at the University of Texas at Austin and is also a lifetime member of the Houston Livestock Show and Rodeo, according to his new employer.
