Top Wealth + Best-in-State · rank 1 · Reston, Virginia · listed firm: Cresset
Identity & firm
- Firm — Cresset Asset Management, LLC (high)
- “"currentIAEmployments": [{"firmId": 288566, "firmName": "CRESSET ASSET MANAGEMENT, LLC", "iaOnly": "Y", "registrationBeginDate": "6/16/2020"” — sec_finra_regulatory
- Parent company — Cresset Capital Management, LLC (high)
- “Cresset refers to Cresset Capital Management, LLC and its respective direct and indirect subsidiaries and controlled affiliates.” — firm_official
- Firm type — independent_ria (high)
- “"currentIAEmployments": [{"firmId": 288566, "firmName": "CRESSET ASSET MANAGEMENT, LLC", "iaOnly": "Y"” — sec_finra_regulatory
- “In its capacity as a Registered Investment Adviser, Cresset has a fiduciary duty to act in the best interests of its clients.” — firm_official
- Team name — PagnatoKarp (medium)
- “"previousIAEmployments": [{"iaOnly": "Y", "iaSECNumber": "107028", "iaSECNumberType": "801", "firmId": 282298, "firmName": "PAGNATOKARP PARTNERS, LLC", "city": "Reston", "state": "VA"” — sec_finra_regulatory
- “In 2016, David helped PagnatoKarp to build a “Home of Hope” in the Dominican Republic for a family in need.” — firm_official
- Team size — gap: not_found_after_search
- CRD — 2587445 (high)
- “"basicInformation": {"individualId": 2587445, "firstName": "DAVID", "middleName": "WILLIAM", "lastName": "KARP", "otherNames": [], "bcScope": "NotInScope", "iaScope": "Active"” — sec_finra_regulatory
- Years experience — 28 (high)
- “"daysInIndustryCalculatedDateIAPD": "3/28/1998"” — sec_finra_regulatory
- “David has more than 25 years of experience providing sound financial investment and wealth strategies.” — firm_official
- Designations — — (medium)
- “"stateExamCategory": [{"examCategory": "Series 65", "examName": "Uniform Investment Adviser Law Examination", "examTakenDate": "4/18/1995", "examScope": "IA"}, {"examCategory": "Series 63", "examName": "Uniform Securitie” — sec_finra_regulatory
- “David W. Karp Co-Founder and Senior Managing Director Washington, D.C.” — firm_official
Book of business
- Team AUM ($M) — 6600 (high)
- “Team Assets (Custodied): $6.6B” — forbes_shook
- “$6.6 billion in team custodied assets.” — forbes_shook
- Account minimum ($M) — 10 (high)
- “Minimum Account Size for New Business: $10M” — forbes_shook
- Typical client net worth ($M) — 50 (high)
- “Typical Net Worth of Relationships: $25-75M” — forbes_shook
- Client niche — entrepreneurs and business owners through liquidity/exit events; family office clients (high)
- “He is the primary point of contact for Family Office clients whom he has successfully advised through portfolio creation, implementation, due diligence and ongoing management. David also provides business owners with pri” — firm_official
- “"I've personally been through 166 exit events with clients—people who have basically built and monetized their life's work."” — forbes_shook
- Custodians — gap: not_found_after_search
- Fee model — not_public (medium)
- “Please scroll to the bottom of cressetcapital.com to review Cresset’s Form ADV Part 2A Brochure for details on services, fees, and conflicts.” — firm_official
Positioning & marketing
- Website url — https://cressetcapital.com/about/team/david-karp/ (high)
- “All Team / David W. Karp David W. Karp Co-Founder and Senior Managing Director Washington, D.C.” — firm_official
- Value proposition (verbatim) — Family Office & Private Wealth Management Wealth Optimized, Life Elevated Guiding entrepreneurs and ultra-high-net-worth families toward creating enduring wealth, protecting legacy, and gaining time back. (high)
- “Family Office & Private Wealth Management Wealth Optimized, Life Elevated Guiding entrepreneurs and ultra-high-net-worth families toward creating enduring wealth, protecting legacy, and gaining time back.” — firm_official
- Differentiators — True Fiduciary® standards (registered trademark), Independent family office built for entrepreneurs, not a wirehouse, Exit and liquidity planning drawn from hundreds of business exits, Bespoke portfolios rather than models, Access to diverse private investments (private equity, real estate, QOZs, secondaries) (high)
- “True Fiduciary® is a registered trademarked term.” — firm_official
- “Cresset was founded to help entrepreneurs and innovators achieve the outcomes they deserve by applying strategies from hundreds of business exits.” — firm_official
- Content marketing — active (medium)
- “Subscribe to Entrepreneurial Edge Sign up for our monthly newsletter with the latest thought leadership, event invites, and resources for entrepreneurs.” — firm_official
- “Exit Planning Insights EXPLORE ALL INSIGHTS A Year After the Banking Turmoil, What Entrepreneurs & Business Owners Need to Know About Direct Lending” — firm_official
- Has podcast — no (high)
- “The Long Game Podcast with Eric Becker: Lessons from Successful Entrepreneurs | Cresset” — firm_official
- Books published — 0 (medium)
- “In 2014, David was recognized as a fiduciary and quoted in Tony Robbins’ best-selling book, MONEY Master the Game: 7 Simple Steps to Financial Freedom, on the importance of the fiduciary standard in financial advisor/cli” — firm_official
- Linkedin url — https://www.linkedin.com/in/davidkarp1/ (low)
- “David Karp - Washington DC-Baltimore Area | Professional Profile | LinkedIn” — social_or_third_party_db
- Social presence — linkedin_active (low)
- “Cresset - The Long Game Podcast with Eric Becker” — social_or_third_party_db
- Press awards — 2026 Barron's Top 1,500 Advisor State-by-State, 2025 Barron's Top 100 Independent Advisor (#7 US, #1 Virginia), Virginia Business, Banking | Finance 2025 honoree, Northern Virginia Magazine, Top Financial Professionals, Quoted as a fiduciary in Tony Robbins' MONEY Master the Game (2014) (high)
- “David is a 2026 Barron’s Top 1,500 Advisor State-by-State and a 2025 Barron’s Top 100 Independent Advisor ranked #7 in the US and #1 in Virginia, and is also a 2026 Forbes America’s Top Wealth Advisor and 2026 Forbes Bes” — firm_official
- “In 2014, David was recognized as a fiduciary and quoted in Tony Robbins’ best-selling book, MONEY Master the Game: 7 Simple Steps to Financial Freedom, on the importance of the fiduciary standard in financial advisor/cli” — firm_official
Visual brand
- Has distinct logo — no (high)
- Logo url — https://cressetcapital.com/wp-content/uploads/2021/06/cresset-logo-header.svg (high)
- Visual brand notes — Corporate Cresset identity, no team sub-brand. Restrained serif-and-sans pairing, wide white space, landscape headshot portraits, and award-logo lockups (Barron's, Forbes) used as social proof on the homepage. (medium)
- “Barron’s #2 Top 100 RIA Firms Rankings developed by Barron’s using proprietary algorithms. Awarded 9/12/25 for data as of 6/30/25. Cresset paid a licensing fee to use the Barron’s award logo for marketing purposes.” — firm_official
- “src="https://cressetcapital.com/wp-content/uploads/2021/04/David-Karp-700x425-2.jpg"” — firm_official
