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Cresset to enhance family office services through Connable Office acquisition
Other - JUNE 10, 2024

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Cresset to enhance family office services through Connable Office acquisition

by Released

Cresset Asset Management has announced its acquisition of The Connable Office, one of the nation's oldest multifamily offices. Based in Kalamazoo, Mich., and organized as a private trust company, Connable's tradition of trust and excellence has been carried forward for more than 130 years. With this acquisition, the combined firm will manage more than $52 billion in assets on behalf of high-net-worth and ultra-high-net-worth clients.

Originating as a single-family office in the late 1800s, Connable has served seven generations of its founding family and numerous other multigenerational client families throughout the country. Like Cresset, Connable was founded by clients, for clients. Connable is distinguished by its stability, expertise and personalized service as a multigenerational trust company and family office.

"Cresset and Connable together are an outstanding cultural fit. We are the powerful combination of a firm with a 100-p

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