Chicago-headquartered wealth management firm Cresset has hired a team of former J.P. Morgan bankers to expand services at its Minneapolis office, which opened late last year.
A spokesman for Cresset declined to confirm how much, if any, the former J.P. Morgan bankers were bringing in client assets under management to their new employer.
Patrick Mahoney has more than 20 years of experience in the investment and wealth management industries. In his new role, Mahoney will serve families, business owners, corporate executives and private foundations by providing customized advice on investments with an emphasis on asset allocation, preservation and growth.
Mahoney most recently served as managing director and head of J.P. Morgan’s Private Bank in Minnesota, a role he held for the past decade.
Dick Hall brings 25 years of wealth management experience to Cresset and is the main point of contact for client families and their advisors in the Minneapolis office.
For the past decade, Hall was employed with J.P. Morgan Private Bank, where he led a team that provided advice to ultra-high-net-worth families. Jason Heckler has over 20 years of industry experience. His expertise is in designing and building customized client investment solutions. Before joining Cresset, Heckler was a senior investment specialist and executive director at J.P. Morgan Private Bank, where he held various investment-focused roles.
Tassy Hannemann will be responsible for the day-to-day experience and overall wealth management solutions for Cresset’s clients. Hannemann has worked in client service in private wealth management for more than 20 years, most recently with J.P. Morgan in Minneapolis, where she helped found the Private Bank office more than a decade ago.