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Cresset Hires $1.1 Billion Lazard Duo to Expand in New York and Los Angeles

Cresset has hired financial advisors Chris Tiano and Nick Smith, a duo who previously managed $1.1 billion at Lazard Wealth.

Barron's

July 23, 2026
By Kenneth Corbin

Cresset has brought on financial advisors Chris Tiano and Nick Smith, a duo who managed $1.1 billion at Lazard Wealth. The pair joined Cresset as managing directors late last month, according to registration records. Cresset announced the move on Wednesday.

Nick Smith (Left) and Chris Tiano.
Nick Smith (left) and Chris Tiano haved joined Cresset from Lazard Wealth. Photo: Courtesy Cresset
Tiano has worked closely with business owners and entrepreneurs whose wealth is concentrated in their companies, helping them scale their businesses and navigate liquidity events. He says that Cresset “truly understands the complexities entrepreneurs, business owners, and multigenerational families face as their wealth evolves.”

Smith’s practice has focused on ultrahigh-net-worth individuals and families, as well as institutional clients. His clients have included multigenerational families and newly wealthy individuals.

A spokeswoman for Lazard’s wealth management business didn’t immediately respond to a request for comment on their departure.

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