On May 2, 2019, Cresset Asset Management, LLC announced the acquisition of Cypress Wealth Advisors, LLC.
Under the terms of the transaction, Cresset Asset Management, LLC (“Cresset”) will acquire substantially all of the assets of Cypress Wealth Advisors, LLC (“Cypress”), and all members of the Cypress team will join Cresset’s San Francisco office. Further terms of the deal were not disclosed.
Cypress, founded in 2004, is a San Francisco-based SEC Registered Investment Advisor (“RIA”) that specializes in investment management, tax and estate planning strategies with over $500 million in assets under management.
Cresset, founded in 2017 and headquartered in Chicago, is an RIA and wealth management firm that provides planning and investment advisory services with over $4.5 billion in assets under management.
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