Jack Ablin takes position with Cresset Wealth Advisors
Jack Ablin, who has served as an executive at BMO Wealth Management for nearly 17 years, took the position of chief investment officer at Cresset Wealth Advisors.
Cresset is a registered investment advisory firm cofounded by longtime Chicago entrepreneurs and private investors Eric Becker and Avy Stein.
Ablin, who served as executive vice president and chief investment officer at BMO, will now oversee Cresset's investment policy and strategy and guide the firm's risk profile. Ablin, who often speaks at suburban economic events, is also a frequent CNBC contributor and the author of Wall Street Journal-best seller "Reading Minds and Markets: Minimizing Risk and Maximizing Returns in a Volatile Global Marketplace."
"I am thrilled Jack has joined our team, given his national profile and the wealth of experience and the expertise he brings in working with sophisticated clients," said Cresset CEO Doug Regan. "With his contemporary approach to investing, Jack will be an extremely valuable asset in driving growth and guiding our advisory teams and clients."
Cresset is a registered investment advisory firm offering wealth planning and investment opportunities in tax-efficient traditional investments and access to direct alternatives.
"I am extremely impressed with the sophisticated operation and the caliber of the team that Eric, Avy and Doug have built, and I'm excited to be in such good company as we work to revolutionize the industry and open up new sources of investment opportunities for our clients," Ablin said.
Becker and Stein through their private equity funds and individually have been involved in investing and growing over 150 businesses and raised funds over $8 billion. Their decades of successful investing gave them the unique expertise and marketplace insights to identify opportunities in wealth management and the world of private investment opportunities, leading to the launch of Cresset in 2017.