Cresset Capital Management, a multi-family office based in New York overseeing more than $250 billion in client assets, has hired Chris Tiano and Nick Smith as managing directors and wealth advisors in its Los Angeles and New York offices, the firm announced Tuesday.
Tiano and Smith previously served as directors for Lazard Wealth for about two years, according to BrokerCheck. While there, they oversaw $1.1 billion in client assets.
Before Lazard, Tiano worked at Focus Financial Partners and Glenmede Trust Company, while Smith held positions at Merrill Lynch Wealth Management, Bessemer Trust and Fiduciary Trust Company International.
Tiano works with business owners and entrepreneurs whose wealth is concentrated in their companies, guiding clients through liquidity events, portfolio design across public and private markets, and coordination with trust and estate attorneys on tax planning and wealth transfer.
“Cresset has built a platform that truly understands the complexities entrepreneurs, business owners and multigenerational families face as their wealth evolves,” he said in a statement.
Smith has spent 15 years advising ultra-high-net-worth individuals, families and institutional clients on investment management, estate planning, wealth transfer and tax strategy.
Cresset has been active in recruiting advisors from other RIAs and wealth divisions at banks, including Goldman Sachs and J.P.Morgan.
