Cresset acquires PagnatoKarp to form Top 25 RIA

Cresset acquires PagnatoKarp to form Top 25 RIA
The two firms have a combined $9.5 billion in assets under management
JUN 18, 2020

Chicago-based Cresset Asset Management, which manages $7.2 billion in assets, has acquired Reston, Va.-based PagnatoKarp. The addition of PagnatoKarp's $2.3 billion in assets would rank the combined firm among the 25 largest RIAs in the country by assets under management, according to the InvestmentNews RIA Data Center.

Both employee-owned firms offer multifamily office services, with Cresset also offering private investments.

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