Associate, Business Management

About Cresset

Cresset is a firm built by clients, for clients. As an independent, award-winning multi-family office and private investment firm, we are reimagining the way wealth is experienced. Our purpose is to help ensure that both wealth and life are fully optimized—integrated, intentional, and aligned with each client’s vision of success.

We provide access to the caliber of talent, ideas, and investment opportunities typically available to the largest single-family offices and institutions. Our approach is personalized, entrepreneurial, and client-first.

Proudly owned by our clients and employees, Cresset was built to endure. We are creating a 100 year firm—one focused on delivering an exceptional experience, not only for the families we serve but for the team that serves them. Recognized by Barron’s and Forbes among the nation’s top RIA firms, and as one of the industry’s best places to work,* Cresset is guided by long-term relationships, shared success, and a belief that wealth should serve a life well lived.

Key Responsibilities

Cresset’s Business Management Group is part of Cresset’s Sport and Entertainment (CSE) division, specializing in serving athletes and entertainers. Designed specifically for this unique clientele, we seek to provide comprehensive support across a full range of family office offerings, including white glove private banking, endorsement tracking, financial reporting, risk management, and concierge services. Our deep expertise in these areas enables us to navigate the distinct challenges and opportunities associated with careers in sports and entertainment.

We offer personalized services that reflect the individuality of each athlete and entertainer we work with. Our clients include professional athletes, sports executives, athletic coaches, and entertainers. By focusing solely on this niche, we aim to simplify the complexities of contracts, endorsements, and personal finances, allowing our clients to excel in their fields while we handle everything that touches their wallet.

Position Overview

Cresset is seeking an Associate, Business Management Services, with 2 years of relevant experience managing the administrative and private banking needs for our athlete and entertainer clientele. The candidate will serve as a primary point of contact for clients and collaborate with an advisor to build strong relationships while driving retention and growth by providing superior client experience. This role includes seamless coordination of all Family Office Services, specifically tailored for athletes and entertainers, including but not limited to:

• White glove private banking and bill pay
• Endorsement tracking
• Financial reporting and budgeting
• Credit management
• Risk management
• Vendor Management
• Housing relocation and assistance
• Wealth planning
• Record keeping
• Lifestyle and concierge services

Primary Responsibilities:

• Manage client business management and administrative investment requests, ensuring comprehensive support tailored to the unique needs of athletes and entertainers.
• Organize all client intake from the client, their family, or the advisor.
• Serve as an executor and carry out the tasks associated with all business management services.
• Serve as a primary lead for client onboarding, investment implementation, and private banking services, ensuring a custom-tailored experience.
• Transfer and reconcile assets from contra firms and manage client billing, including cash raising and attribute assignments.
• Assist with inquiries regarding inflows and outflows and establish lines of credit/margin as required.
• Manage client donor advised and charitable distributions and facilitate tax document workflows with client CPAs.
• Attend quarterly client portfolio review meetings as needed, serving as a liaison between Cresset and clients’ CPAs and attorneys.
• Identify new technology and opportunities to enhance the client experience and promote internal scalability.

Qualifications

• Bachelor’s degree in Business, Finance, or a related field, or equivalent industry experience.
• 2 years of financial services experience working with ultra-high net worth clients, preferably in the sports and entertainment sector.
• Familiarity with Fidelity, Schwab, and/or Pershing custodial platforms is a plus.
• Ability to operate in a dynamic and fast-paced environment is essential.
• Strong problem-solving skills combined with creativity and innovation.
• Excellent multitasking abilities and organizational skills to manage multiple assignments simultaneously.
• Strong attention to detail and commitment to accuracy.
• Established ability to build and maintain positive working relationships with clients, peers, CPAs, attorneys, and other professionals.
• Proactive problem-solver with strong decision-making capabilities and the ability to handle confidential information discreetly.
• Excellent communication skills, both written and verbal, with proficiency in Salesforce and Microsoft Office programs, including Word, Excel, PowerPoint, and Outlook.

What We Offer:

At Cresset, we focus on people first. As a service business, our people are our assets. Engaging our clients and employees is our highest priority. Salary will be based on factors including, but not limited to, experience, licenses/certifications, industry knowledge, and geographic location. Cresset offers a competitive compensation package including an annual incentive and a benefits package to all full-time employees including medical, dental, vision, life insurance, 401(k) retirement plan, health savings accounts, short and long-term disability insurance, voluntary critical and accident insurance, and pre-tax parking and transportation programs. Aligning employee and organizational interests, all employees receive equity in Cresset.

Equal Employment Opportunity

It is the policy of Cresset to ensure equal employment opportunity (EEO) for all employees and applicants for employment without regard to race, color, religion, sex, pregnancy (including childbirth, lactation, or related conditions), national origin or ancestry, age, disability, veteran status, uniformed servicemember status, sexual orientation, gender identity, status as a parent, genetic information (including testing and characteristics), or any other characteristic protected by applicable federal, state, or local law. It is Cresset’s policy to comply with applicable laws concerning the employment of persons with disabilities, including reasonable accommodation for applicants and employees with disabilities.

Everything Starts With Culture.

Our Vision

We exist to optimize wealth and elevate life—giving clients the time, clarity, and trusted partnership to pursue what matters most.

*Disclosures related to awards, recognitions, and rankings available here.

Cresset refers to Cresset Capital Management, and all its respective subsidiaries and affiliates. Cresset Asset Management, LLC, also conducts advisory business under the names of Cresset Sports & Entertainment, CH Investment Partners, and Cresset Capital. Cresset provides investment advisory, family office, and other services to individuals, families, and institutional clients. Cresset also provides investment advisory services to investment vehicles investing in private equity, real estate, and other investment opportunities. Cresset Asset Management, LLC is an SEC registered investment advisor. SEC registration does not imply any specific level of skill or training.