Cresset Asset Management acquires $500 million RIA
merger and acquisition words on yellow road sign on blue sky
Evanston Advisors increases firm's market share in Chicago area.
Cresset Asset Management, a national registered investment advisory firm managing almost $4 billion from its headquarters in Chicago, has acquired Evanston Advisors, an Evanston, Ill.-based RIA managing $500 million in assets.
(More: HighTower faces pressure to let investors cash out)
Evanston’s 11 team members, including principals Nathan Snodgrass, Dave Jackson and Keith Cantrell, who co-founded the firm in 1982, will join Cresset.
Cresset was founded in 2017.
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