Cresset, the independent multi-family office and private investment firm, has expanded to Boca Raton, Florida, with the addition of a 16-person advisory team. The team previously managed approximately $4 billion in client assets for UBS.
The group is led by Michael Bober and Ed Ventrice and also includes Michael MacDonald, William "Billy" Marino, Sarah Ponczek and Alex Santos. Bober and Ventrice each served as managing directors at UBS Financial Services, and both worked as certified public accountants at a national accounting firm before moving into wealth management.
Each brings more than three decades of experience advising corporate executives, business owners, high-net-worth individuals, multigenerational families, foundations and endowments, and professional athletes. Their stated specialisms include comprehensive wealth management, institutional consulting and business succession planning.
"We are excited to join Cresset and gain access to the breadth of resources and capabilities available through its independent, client- and employee-owned model. Cresset's family office approach closely aligns with how we have always believed wealth should be managed—with a comprehensive, long-term perspective that extends well beyond investment management," Ventrice said.
"Joining Cresset represents an exciting next chapter for our team and our clients," Bober said. "Cresset has built an exceptional platform around an integrated approach to wealth management, and we look forward to offering our clients those capabilities while continuing to provide the highly personal advice and service they expect."
Cresset describes its offering as a suite of family office services spanning investment management, private markets, tax preparation and planning, estate and trust services, business succession planning, insurance advisory and philanthropic planning. Its open-architecture, multi-custodial model gives advisory teams access to multiple custodians.
"We are thrilled to expand our presence in South Florida to Boca Raton," said Cresset chief executive Susie Cranston, adding that the team has "deep and longstanding relationships throughout the Boca Raton community".
For allocators, the transaction is a further example of large private-bank teams moving into independent multi-family office platforms — a structural shift that continues to reshape where substantial private wealth is advised and how private markets access is delivered.
UKFOS Editorial · 29 JULY 2026