Five advisers who managed more than $2 billion at J.P. Morgan Private Bank in Denver have joined Cresset Asset Management, a registered investment advisory firm whose Chicago-based parent manages more than $15 billion.
The advisers are Kevin McGuire and Jake Schwinn, who both had worked at J.P. Morgan since 2009, Dan Biondi, who had worked at J.P. Morgan since 2015, Vanessa Ramich and Sarah Burney.
[More: Cresset acquires Texas RIA]
Just over 10% of advisors' wealth clients come from defined contribution plans, as capacity, data and technology gaps block the bridge to wealth
Deal creates a $20B-plus custody platform for private market investing in IRAs, months after Schwab closed its Forge Global purchase
Despite the good times, advisors should tread carefully, said one veteran industry executive.
Cullen marks the fourth firm the New York-based RIA aggregator has bought in 2026 as deal volume heads for a record year.
The quality of AI ROI measurement depends on pre-deployment decisions around business outcomes, leadership alignment, and establishing trusted information, among other factors.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
