Cresset Wealth Advisors LLC, a registered investment advisory firm cofounded by longtime Chicago entrepreneurs and private investors Eric Becker and Avy Stein, named Jack Ablin as its chief investment officer.

Ablin, who served as executive vice president and chief investment officer at BMO Wealth Management for nearly 17 years, will oversee Cresset’s investment policy and strategy and guide the firm’s risk profile, according to the announcement.

Cresset Chief Executive Officer Doug Regan said, “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. ”

Ablin is a 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," the release noted.

“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,” said Ablin.

Becker and Stein have been involved in investing and expanding over 150 businesses and raised funds over $8 billion, which lead to the launch of Cresset in 2017, as stated in the release. “With Jack joining our team, we are increasingly well positioned with a deep bench of talent that will transform how the industry enhances people’s financial well-being,” Becker concluded.

 

 

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