Cresset and Berman Capital merge to create $20bn multi-family office

Cresset Asset Management and Berman Capital Advisors plan to merge to form a $20 billion multi-family office.

The multi-family office will serve clients in 11 markets. The merger is expected to be complete on September 30.

“Cresset is the partner we’ve been seeking to take our business to the next level, offer our clients an even broader array of services, and provide career development opportunities and increased ownership for our team,” Justin Berman, founder and chief executive officer at Berman.

“Cresset and Berman are a strong cultural fit and share . . .

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Jennifer Banzaca

Jennifer Banzaca has been a reporter and editor covering the hedge fund industry for 14 years, most recently focusing on legal and compliance issues.
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