Cresset Adds $600M Advisor in Santa Barbara Expansion Push
Event summary
- Cresset hires Cory Boggs as Managing Director, Wealth Advisor in Santa Barbara.
- Boggs brings $600M+ in assets under management from Manchester Capital Management.
- He has over 15 years of experience advising entrepreneurs and multi-generational families.
- Boggs holds CFA, CAIA, and CFP® designations.
The big picture
Cresset continues its aggressive expansion in key markets, targeting entrepreneurs and multi-generational families with sophisticated wealth needs. The hire underscores demand for integrated family office services as firms compete to manage complex liquidity events and generational wealth transfers. With over $600M in AUM joining from a competitor, this move signals Cresset's intent to consolidate market share in high-value advisory segments.
What we're watching
- Regional Growth Strategy
- How Cresset's Santa Barbara expansion will impact its West Coast footprint.
- Advisor Retention
- Whether high-profile hires like Boggs can sustain Cresset's growth trajectory.
- Client Acquisition
- The pace at which Boggs attracts ultra-high-net-worth clients to the platform.