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Michael Texido

Cresset Asset Management, LLC
32 Years of Experience
Menlo Park, CA
5 Disclosures
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Michael Texido is a registered investment advisor at Cresset Asset Management, LLC, based in Menlo Park, CA, with 32 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Alternative Investments, Business Owners, Charitable Giving, Corporate Executives, and 7 more. Their firm serves 4,911 clients with $79B in assets under management.

Cresset Asset Management, LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
212 advisors
Number of Clients
4,911 clients
Average Client Portfolio
$16.1M average
Assets Under Management
$78.9B

Fee Structure

Minimum Investment:None
Planning is included in investment management
Minimum Annual Fee:$25,000
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $5.0M1.25%
$5.0M - $10.0M1.10%
$10.0M - $25.0M0.90%
$25.0M - $50.0M0.80%
$50M+0.70%

Firm offers both a Top-Tier fee schedule and a Waterfall fee schedule. The schedule above reflects the Top-Tier rates; the Waterfall schedule rates are 1.25% up to $5M, 0.90% from $5M-$10M, 0.80% from $10M-$25M, 0.70% from $25M-$50M, and 0.60% for $50M+. Fees are subject to a minimum annual fee of the lesser of $25,000 or 2.00% of managed assets. Fees are negotiable.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

2500 Sand Hill Road, Suite 110, Menlo Park, CA, 94025

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History

Regulatory History (5)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
September 2008
Settled
Customer Dispute
April 2008
Settled
Customer Dispute
April 2008
Settled
Customer Dispute
March 2008
Settled
Customer Dispute
March 2003
Denied
View Full SEC ReportHow to Read Disclosures
Employment History
Current Registrations
Cresset Asset Management, LLC
April 2023 - Present · 3 yrs 6 mos
Previous Registrations
First Republic Securities Company, LLCBroker
September 2015 - May 2023 · 7 yrs 8 mos
First Republic Investment Management, INC.
September 2015 - May 2023 · 7 yrs 8 mos
Constellation Wealth Advisors LLC
March 2008 - October 2015 · 7 yrs 7 mos
Constellation Wealth Advisors LLCBroker
March 2008 - October 2015 · 7 yrs 7 mos
Citigroup Global Markets INC.
December 2001 - March 2008 · 6 yrs 3 mos
Citigroup Global Markets INC.Broker
December 2000 - March 2008 · 7 yrs 3 mos
Credit Suisse First Boston CorporationBroker
July 1999 - December 2000 · 1 yr 5 mos
Banc of America Securities LLCBroker
October 1997 - August 1999 · 1 yr 10 mos
Montgomery SecuritiesBroker
February 1995 - October 1997 · 2 yrs 8 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
September 1993 - December 1994 · 1 yr 3 mos
State Registrations2 states
CATX
Advisor

You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.

Exams
No exam information available for this advisor.
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