Cresset, a nearly $200 billion multifamily office and wealth manager owned by its employees and clients, has expanded its presence in Atlanta and will be establishing an office in Jackson Hole, Wyo., with the addition of a wealth advisory team formerly with Goldman Sachs.
Jamie Gilbert, Jean Wright and Max Ripans, who managed over $1.8 billion in assets for Goldman Sachs, are joining Cresset to continue their work with ultra-high-net-worth families, entrepreneurs, and C-suite executives.
The move also comes after Cresset has completed a large merger with Monticello Associates, an institutionally focused advisory firm that administers over $124 billion in assets. The integration, which the firm had said would be completed toward the end of 2025, is now complete and “has been a great cultural and strategic fit,” according to a spokesperson.
The move mimics other large RIAs, such as Creative Planning, Mariner and Captrust, which have all made large acquisitions to add to their institutional and 401(k) focused practices in recent months and years.
Gilbert had been with Goldman Sachs for 18 years, where he served as a vice president, following a stint in Accenture’s financial services practice. He will now be a managing director and wealth advisor at Cresset. Cresset is majority-owned by its employees, with a minority stake held by clients.
Wright will also be a managing director in private wealth client services, after having been a vice president at Goldman for about two decades. Ripans will be an associate, investment analyst at Cresset, after having been a private wealth financial analyst at Goldman for a little under two years.
The team specializes in tax and estate planning, along with wealth management. The group will divide time between Cresset’s Atlanta office and Jackson Hole as it seeks to establish an office there.