Guides › Financial Advisor Fees
Updated September 28, 2026. Quick answer: Yes, on every account. Cresset Asset Management is registered with the SEC only as an investment adviser (it is not a broker-dealer), so the Investment Advisers Act of 1940 requires it to act as your fiduciary. Its own Form CRS states: “When we act as your investment adviser, we have to act in your best interest and not put our interests ahead of yours.”
How it’s registered
From Form CRS, Customer Relationship Summary, Cresset Asset Management (August 13, 2026): “Our firm, Cresset Asset Management, LLC (“we”, “our”), is registered as an investment adviser with the U.S. Securities and Exchange Commission.”
The standard of conduct, in its own words
“When we act as your investment adviser, we have to act in your best interest and not put our interests ahead of yours.”
On commissions: “Our financial professionals are compensated based on an agreed-upon annual salary and/or on the revenues generated from the accounts they service. Additionally, they may purchase or receive equity interests in CCM.”
Fiduciary status by capacity
| Capacity | Registration | Standard you’re owed | Can earn commissions | Source |
|---|---|---|---|---|
| As your investment adviser | SEC-registered investment adviser | Fiduciary duty (Investment Advisers Act of 1940) | No (asset-based advisory fee: $10,000 a year, 2.00% on a $500,000 account) | Form CRS, Customer Relationship Summary, Cresset Asset Management, August 13, 2026 |
What this means for what you pay
Fiduciary status is one input, not the whole picture. Cresset Asset Management discloses a published fee that runs $10,000 a year on a $500,000 account; see the full dollar breakdown from Cresset Asset Management’s own fee disclosure before deciding whether the standard of conduct here changes your answer.
If the answer above changes your mind about staying, see what it costs to leave Cresset Asset Management, or read the general mechanics of switching financial advisors.
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Source: WiserAdvisor’s service descriptionSources
- Form CRS, Customer Relationship Summary, Cresset Asset Management (August 13, 2026): https://reports.adviserinfo.sec.gov/crs/crs_288566.pdf
- SEC Investment Adviser Public Disclosure, Cresset Asset Management (CRD #288566): https://adviserinfo.sec.gov/firm/summary/288566
- Cresset Asset Management, SEC Form ADV filing: https://reports.adviserinfo.sec.gov/reports/ADV/288566/PDF/288566.pdf
Methodology. This page was built September 28, 2026, quoting directly from Cresset Asset Management’s own current Form CRS, with the source linked above; any distinction we could not independently confirm this session is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice, and it is not a substitute for reading the firm’s own Form CRS. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
Comparing Cresset Asset Management against other options? See Cresset Asset Management alternatives, including a lower-fee full-service firm, a flat-fee route and a robo/hybrid.
How does this compare? See how 127 advisory firms are registered, from each firm’s own SEC record.