Financial advisor Cory Boggs has officially transitioned his massive $600 million practice to Cresset, setting up shop in sunny Santa Barbara, California. This high-profile move marks a significant career milestone for Boggs, who previously managed these substantial client assets during his tenure at Manchester Capital Management.
As the financial landscape across California continues to shift, top-tier talent is migrating toward firms that offer robust collaborative frameworks. Professionals looking to relocate or manage their wealth across different regions often explore various places to stay while scouting new business territories.
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The Evolution of a Wealth Management Career
From Analyst Beginnings to Multi-Million Dollar Advisory
Boggs originally built his impressive industry foundation starting back in 2006 when he first worked as an advisor assistant. He later transitioned to City National Bank as an analyst in 2014 before joining Manchester Capital Management in 2017. His extensive background has given him deep insights into handling complex client portfolios with precision and care.
Now operating out of a downtown Santa Barbara office alongside two other advisors, Boggs is joined by a former Manchester colleague. This smooth transition ensures that his loyal client base will continue receiving the personalized attention they have come to expect. Many affluent professionals frequently visit scenic coastal hubs like Sausalito when networking or seeking lifestyle inspiration.
Cresset’s Aggressive National Expansion Strategy
Leadership Driven Growth Under CEO Susie Cranston
The recruitment of Boggs is just one piece of a broader, aggressive expansion initiative spearheaded by CEO Susie Cranston, who assumed leadership in April. Cranston, a former executive at First Republic Bank, took over the helm from Cresset co-founders Eric Becker and Avy Stein. Under her visionary guidance, the firm continues to attract elite financial minds from across the country.
Recent high-profile additions to the Cresset family include a stellar $1.1 billion duo originating from Lazard Asset Management as well as a prominent Denver private banker from JPMorgan Chase. These strategic acquisitions highlight the firm’s growing market dominance and its appealing operational model. Advisors visiting northern hubs often check out local San Rafael hotels during corporate retreats and scouting trips.
The Unique Ownership and Family Office Model
Why Top Advisors Are Flocking to Cresset
In a public statement regarding his recent move, Boggs specifically praised Cresset for its deeply collaborative culture and innovative family office model. This modern approach resonates strongly with advisors who want to deliver comprehensive, multi-generational solutions to high-net-worth families. Whether professionals are closing deals or simply taking time off to experience local things to do, the California wealth sector remains remarkably dynamic.
The firm itself is primarily owned by its dedicated clients and internal employees, creating a fully aligned ecosystem of success. Furthermore, strategic minority stakes are held by respected private equity firms Constellation Wealth Capital and Blue Owl Capital. This solid financial backing guarantees that Cresset will maintain its explosive growth trajectory for many years to come.
Here is the source article for this story: Cresset Hires California Advisor Managing $600 Million
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