CHICAGO--(BUSINESS WIRE)--Cresset Asset Management (“Cresset”) announced today that Randall “Randy” Conte has been named Chief Operating Officer (COO). In his role, Conte oversees all client service, technology and operations, information and systems technology, HR, trading, and reporting.
Cresset Asset Management is an SEC registered investment advisor that offers individuals and families access to a comprehensive suite of family office services, deeply personalized wealth management, investment advisory, and goals-based planning. Since its founding three years ago, Cresset has grown to $9.8 billion in assets under management, making it one of the 25 largest RIAs in the nation.1
“We are thrilled to welcome Randy to Cresset. He brings extensive operations experience with both large and small financial services organizations and will further bolster the innovative platform we have built and continue to improve,” said Avy Stein, Co-Founder and Co-Chairman of Cresset.
Prior to Cresset, Conte was President of Parkway Bank and Trust and Parkway Bancorp, a $2.7 billion2 community bank headquartered in Harwood Heights, Illinois, focused on commercial real estate lending. Previous to that role he was Executive Vice President and Chief Operating and Chief Financial Officer of MB Financial Bank, a $20 billion3 publicly traded commercial bank that was headquartered in Rosemont, Illinois, prior to being acquired by Fifth Third. Conte served as the co-head of all acquisition integration efforts for MB Financial Bank.
“I am honored to join a team as talented and dedicated to client service as Cresset. Cresset’s vision to reinvent the way clients experience wealth was especially attractive to me. I’m very excited to help build upon that vision,” Conte said.
Conte is a Certified Public Accountant (CPA) and earned a Bachelor of Science in Accountancy degree from the University of Illinois, and an MBA from the University of Chicago. He lives in Hinsdale, Illinois, with his wife, Cheryl.
Private equity entrepreneurs Eric Becker and Avy Stein founded Cresset with a vision to reinvent wealth management and with a firm belief that clients deserve better. Cresset offers individuals and families access to a comprehensive suite of family office services, deeply personalized wealth management, investment advisory, planning and other services through Cresset Asset Management, an SEC registered investment adviser. Cresset Partners, Cresset’s private investing group, offers clients direct access to real estate, private equity, and other investment opportunities. Together with Diversified Real Estate Capital, led by Larry Levy, Cresset Partners created a joint venture partnership focused on core real estate development investments in Qualified Opportunity Zones (QOZs). Cresset-Diversified recently announced the launch of its second fund, Cresset-Diversified QOZ Fund II, which targets Opportunity Zone projects with the potential for substantial risk-adjusted, tax-advantaged returns.4 Learn more at https://cressetcapital.com.
1 Source: Most recently updated on June 5, 2019, for fee-only advisors - https://data.investmentnews.com/ria
4 The contents hereof are not to be used as the basis for making any investment decision and are not a recommendation of, or solicitation for, the subscription, purchase or sale of any security, including the fund mentioned herein.