Cresset Adds Two JP Morgan Teams to San Francisco

Cresset Capital Mangement has recruited two new advisory teams that managed approximately $5 billion in assets on behalf of 160 client households, to its San Francisco office.

Previously with J.P. Morgan Wealth Management, and prior to that First Republic Bank, the two teams comprise three advisors and a 12-person support staff.

Advisor Dagny Maidman and her nine-person support team have joined the Cresset network. Maidman’s team, which includes Timothy Cahyadi, Steve Ching, Christopher Fisher, Michelle Gorrell, Patrick Hejlik, Andrew Huang, Beatrice Maidman, Gia Llorin Rojas, and Alana Yokoyama, advises ultra-high-net-worth clients and has experience using hedging strategies to generate income, reduce portfolio volatility, and manage concentrated stock positions, according to Cresset.

Chris Chase and Erik Ralston will also join Cresset. The five-person team, which includes Lizzy Labeeuw-Anderson, Ryan Ortiz, and Timur Zeinapur, offers tax-efficient wealth strategies to entrepreneurs, multigenerational families, business executives, and charity organizations.

“These entrepreneurial teams are a great cultural fit for Cresset and share our values,” said Cresset co-founder and co-chairman Avy Stein. “Like Cresset, they have a client-first, fiduciary mindset and work closely with their clients and their advisors to provide comprehensive, highly individualized solutions that successful families expect and deserve. We are thrilled to welcome them to Cresset.”

Cresset is a Chicago-based multi-family office and private investment firm with more than $45 billion in assets under management.