Key Takeaways
- • Crescent Grove Advisors, an employee-owned boutique wealth manager headquartered in Lake Forest, Ill., promoted Andrew Krei, CFA, from Co-Chief Investment Officer to sole Chief Investment Officer, effective with the announcement on September 17, 2026.
- • Krei will lead the firm's investment strategy and investment team, guiding portfolio construction, asset allocation and investment research.
- • Founder Dave Keevins, MBA, will move to Chairman of the Crescent Grove Investment Committee, retaining oversight of investment decisions while transferring day-to-day committee operations to Krei.
- • The firm reports more than $5 billion in assets under management across offices in Lake Forest, Milwaukee and Atlanta, and describes the move as part of its organic, build-from-within growth strategy.
Summary
Crescent Grove Advisors, an employee-owned boutique wealth management firm serving ultra-high-net-worth individuals, families, institutions, foundations and endowments, announced on September 17, 2026 that Andrew Krei, CFA, has been promoted to Chief Investment Officer, according to a PR Newswire release. Krei had most recently served as Co-Chief Investment Officer. The firm, founded in 2015, said the appointment reflects its continual organic growth and its commitment to developing investment leadership from within.
Krei will lead Crescent Grove's investment strategy and investment team, helping guide the firm's approach to portfolio construction, asset allocation and investment research. Dave Keevins, MBA, Founder, Managing Director and Senior Client Advisor, will become Chairman of the Crescent Grove Investment Committee while retaining his other positions. Keevins said Krei will take over day-to-day management of the Investment Committee while Keevins focuses on its oversight and strategic direction. The two have worked together for almost two decades.
Founder Gregg George, J.D., LL.M., said the firm's investment platform has evolved alongside the firm and the increasingly complex needs of its clients. Krei's background includes leading investment research at Cedar Street Advisors, a boutique wealth manager, where he supported investment due diligence. He is a member of the CFA Society in Milwaukee and holds a BA from the University of California, Los Angeles. Krei has also become a frequent contributor to financial media on market trends, monetary policy and asset allocation.
In his statement, Krei said the firm's goal since its 2015 founding has been to provide clients with a best-in-class, open-architecture investment platform. The firm manages more than $5 billion in assets and is based in Lake Forest, Ill., with additional offices in Milwaukee and Atlanta. The announcement was issued through PR Newswire and distributed by JConnelly on behalf of the firm. No changes to the firm's investment mandate or fee structure were disclosed.
Krei will lead Crescent Grove's investment strategy and investment team, helping guide the firm's approach to portfolio construction, asset allocation and investment research. Dave Keevins, MBA, Founder, Managing Director and Senior Client Advisor, will become Chairman of the Crescent Grove Investment Committee while retaining his other positions. Keevins said Krei will take over day-to-day management of the Investment Committee while Keevins focuses on its oversight and strategic direction. The two have worked together for almost two decades.
Founder Gregg George, J.D., LL.M., said the firm's investment platform has evolved alongside the firm and the increasingly complex needs of its clients. Krei's background includes leading investment research at Cedar Street Advisors, a boutique wealth manager, where he supported investment due diligence. He is a member of the CFA Society in Milwaukee and holds a BA from the University of California, Los Angeles. Krei has also become a frequent contributor to financial media on market trends, monetary policy and asset allocation.
In his statement, Krei said the firm's goal since its 2015 founding has been to provide clients with a best-in-class, open-architecture investment platform. The firm manages more than $5 billion in assets and is based in Lake Forest, Ill., with additional offices in Milwaukee and Atlanta. The announcement was issued through PR Newswire and distributed by JConnelly on behalf of the firm. No changes to the firm's investment mandate or fee structure were disclosed.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.