Liz Nesvold joined Cresset, a private investment firm with $30 billion in assets under management, as president. In this newly created role, Nesvold will oversee the firm’s strategy and offerings for founders, entrepreneurs and multi-generational families, firm-wide integration and Cresset’s 100-year vision alongside co-founders Eric Becker and Avy Stein.
“Liz’s role as president is the culmination of her 30 years of advising and building her own successful advisory business, experience that we will benefit from and will help Cresset enhance our fully integrated approach,” Stein said. “Liz is one of the most respected and recognized advisors to the wealth management industry and has led the strategy around transformational partnerships and business combinations.”
“An entrepreneur at heart, Liz is a fearless leader who personifies integrity and transparency on behalf of clients, colleagues and our industry,” Becker said. “She embodies Cresset’s core values of client first, innovation and entrepreneurial spirit, and will help drive Cresset’s commitment to attract, retain and develop talented, diverse leaders.”
Nesvold was honored with the M&A Advisor Leadership Award in 2021 and recognized as a Woman to Watch by InvestmentNews in 2019. She is a founder and CEO, having launched and built investment bank Silver Lane Advisors with several partners, including her husband, Peter Nesvold. Under her leadership, Silver Lane became a recognized RIA M&A firm, which she sold to a Fortune 500 company in 2019. She remained as a managing director and head of asset and wealth management investment banking until her recent departure.
“I am thrilled to join the Cresset team as its first-ever president and work alongside two visionary entrepreneurs and founders, Eric Becker and Avy Stein, as well as an incredible team,” Nesvold said. “Having worked collaboratively with Cresset to complete three RIA partnerships with clients in the past, I had a first-hand opportunity to see the organization’s commitment to its vision and culture and the deep value it places on its people, innovation and entrepreneurship. For all of those reasons, Cresset is the perfect fit.”
Nesvold has been an active champion and advocate for women in financial services throughout her career and is a member of CHIEF, 100 Women in Finance and Young Presidents Organization. Additionally, she serves as the independent director on the board of ClientWise, which she recapitalized with Northwestern Mutual Future Ventures Fund.
