Cresset Asset Management has acquired Asset Management Advisors Inc., a Houston-based registered investment adviser managing $484 million. With this addition Cresset — which is based in Chicago — now manages more than $14.5 billion.
Founded in 1986, Asset Management Advisors is headed by Lynn Mathre and has expertise in tax planning and alternative investments.
Terms of the acquisition were not disclosed.
With over 600 clients, the $71 billion RIA acquirer's latest partner marks its second transaction in Oklahoma.
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From direct lending to asset-based finance to commercial real estate debt.
