Cresset published an article by Cresset Director of Wealth Strategy Edith Hayes, J.D., exploring core trustee duties and offering a practical framework for navigating discretionary distributions, including the commonly used HEMS standard.
Published
Signal category
Research & Knowledge
Quote
“Cresset Director of Wealth Strategy Edith Hayes, J.D. explores core trustee duties and offers a practical framework for navigating discretionary distributions, including the commonly used ”
— Cresset team
Company
Cresset
Boutique Family Office & Private Wealth Management. Serving CEO Founders, Entrepreneurs, Partners, and UHNW Families.
- Industry
- Financial Services
- Location
- Chicago, US
- Company size
- 579 employees
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 among the nation’s top multi-family offices,* Cresset is guided by long-term relationships, shared success, and a belief that wealth should serve a life well lived. * Barron's Top 100 RIA Firms (issued 09.2025). Based on data from July of the prior year through June of the award year. Rankings are determined using a proprietary methodology that considers qualitative and quantitative factors. Cresset paid a licensing fee to use the Forbes and Barron's award logos. **Wealth Optimized, Life Elevated refers to the firm’s philosophy and process in providing advisory and planning services and is not intended to convey a guarantee of results. Cresset refers to Cresset Capital Management, LLC and its respective direct and indirect subsidiaries and controlled affiliates. For a full list of Cresset subsidiaries, controlled affiliates, and awards, please see cressetcapital.com/disclosures/
Founded 2017