Cresset acquires Texas RIA

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.

[More: Cresset acquires PagnatoKarp to form Top 25 RIA]

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.

[More: Biden tax talk seen driving RIA M&A activity]

The post Cresset acquires Texas RIA appeared first on InvestmentNews.

Andrew is half-human, half-gamer. He’s also a science fiction author writing for BleeBot.

Andrew Vincent
Andrew is half-human, half-gamer. He's also a science fiction author writing for BleeBot.
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