$200B Cresset Poaches Goldman Team

Core Insights - Cresset, a nearly $200 billion multifamily office and wealth manager, is expanding its presence in Atlanta and establishing a new office in Jackson Hole, Wyoming, by adding a wealth advisory team from Goldman Sachs [1][2] - The new team managed over $1.8 billion in assets at Goldman Sachs and will focus on ultra-high-net-worth families, entrepreneurs, and C-suite executives [2] - Cresset has recently completed a merger with Monticello Associates, which manages over $124 billion in assets, and the integration has been described as a successful cultural and strategic fit [3] Company Developments - The new team includes Jamie Gilbert, Jean Wright, and Max Ripans, with Gilbert taking on the role of managing director and wealth advisor at Cresset [4][5] - Wright will also serve as a managing director in private wealth client services, while Ripans will be an associate investment analyst [5] - The team specializes in tax and estate planning, as well as wealth management, and will split their time between the Atlanta office and the new Jackson Hole location [5] Industry Context - Cresset's expansion strategy mirrors that of other large Registered Investment Advisors (RIAs) like Creative Planning, Mariner, and Captrust, which have made significant acquisitions to enhance their institutional and 401(k) practices [4]