Crestone

What Crestone does

Crestone, operating as LGT Wealth Management Australia, is a Sydney-headquartered private wealth management firm (legal entity: LGT Wealth Management Limited) wholly owned by LGT, one of the world's largest family-owned wealth management groups. Founded in 1935, the firm provides private wealth advisory services to high net worth and ultra high net worth families, family offices, and for-purpose organisations in Australia. The service offering is organised around five integrated advisory modules: investment advisory, family advisory, alternative investments (hedge funds, private equity, venture capital, real assets accessed via the global LGT network), philanthropy advisory, and sustainable investing. A secure client portal (clientportal.crestone.com.au) provides digital access for existing clients.

Crestone manages approximately $40 billion in assets across more than 400 professionals nationally (as of mid-2025), making it one of the larger dedicated HHNW advisory franchises in Australia. In June 2025 the firm acquired Commonwealth Private Advice from Commonwealth Bank of Australia, transferring approximately $5 billion in assets under advice and 38 professionals including 18 investment advisers. The parent group LGT manages over half a trillion Australian dollars for clients globally and brings more than 100 years of private wealth experience.

The business model is relationship-led advisory with revenue generated predominantly through recurring advisory and management fees on assets under management, augmented by alternative investment access and family advisory mandates. Pricing is not publicly disclosed; engagement is quote-based and subject to eligibility criteria consistent with the HHNW segment. Client acquisition combines direct private wealth adviser outreach with content-led thought leadership (special reports, podcasts, CIO monthly commentary) and a curated newsletter. The firm CEO is Michael Chisholm. Crestone also selectively participates as a minority investor in financial market infrastructure (e.g., Cicada Series A, February 2026).

Name

Crestone

Legal name

LGT Wealth Management Limited

Website

https://lgtcrestone.com.au

Company type

Private

Founded year

1935

Operating status

Operating

Headcount range

251–500 employees

Short description

Crestone (LGT Wealth Management Australia) is a Sydney-based private wealth management firm wholly owned by LGT, providing investment, family, philanthropy, sustainable, and alternative investment advisory services to high net worth and ultra high net worth families, family offices, and for-purpose organisations across Australia.

Ownership category

akta.pro rank

Product category

Private Wealth Management

NAICS

Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Private Banking & UHNW Wealth Advisory (FSAEABAC)

akta.pro secondary industries

Family Wealth & Multi-Generational Planning RIAs (HNW/UHNW-lite) (FSAAACAH), Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)

Keywords

• Private wealth management
• Investment advisory services
• Family office advisory
• Alternative investments
• Philanthropy advisory

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Private Wealth Advisory Services: LGT Wealth Management generates revenue through advisory fees for private wealth management services including investment advisory, family advisory, alternative investments, philanthropy advisory, and sustainable investing for high net worth clients.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

LGT Wealth Management Australia (operating as Crestone) is a private wealth management firm wholly owned by LGT that provides integrated private wealth advice to high net worth and ultra high net worth families, family offices, and for-purpose organisations. The offering combines Investment Advisory, Family Advisory, Alternative Investments, Philanthropy Advisory, and Sustainable Investing services delivered through dedicated private wealth advisers and a secure client portal, managing over half a trillion Australian dollars under management globally with more than 400 professionals nationwide.

Product overview

LGT Wealth Management Australia (operating as Crestone) is a private wealth management firm providing integrated advisory services to high net worth and ultra high net worth families, family offices, and for-purpose organisations. The offering consists of a core advisory platform complemented by specialized service modules: Investment Advisory for portfolio management, Family Advisory for intergenerational wealth transfer, Alternative Investments for access to hedge funds, private equity, venture capital and real assets, Philanthropy Advisory for charitable giving strategy, and Sustainable Investing for ESG-focused strategies. Clients access services through a secure Client Portal. The firm is wholly owned by LGT, one of the largest family-owned wealth management firms globally, managing over half a trillion Australian dollars.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Advisory Professional investment advice services helping clients build and manage portfolios aligned with their financial goals and risk tolerance. Provided to high net worth and ultra high net worth families, family offices, and for-purpose organisations in Australia.
• Family Advisory Structured framework for wealth transfer and family legacy planning to help families preserve and pass on wealth across generations. Targeted at high net worth families and family offices seeking succession planning and governance support.
• Alternative Investments Access to non-traditional investment opportunities including hedge funds, private equity, venture capital, and real assets through the LGT global network. Provided to high net worth clients and family offices seeking portfolio diversification.
• Philanthropy Advisory Advisory services helping clients integrate charitable giving and social impact into their wealth strategy. Targeted at high net worth families, family offices, and for-purpose organisations.
• Sustainable Investing Sustainable and ESG-focused investment strategies leveraging bespoke sustainability tools and recognised expertise. Targeted at clients seeking to align investments with sustainability goals and values.
• Client Portal Secure online portal for existing clients to access and manage their wealth management accounts and portfolios, available at clientportal.crestone.com.au.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• LGTcoreStrategic or Co-development PartnerLGT Wealth Management Australia is wholly owned by LGT, one of the largest family-owned wealth management firms in the world. The relationship brings together benefits of deep local relationships with global scale, stability and expertise.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Macquarie Private Wealth: Macquarie's private wealth division serves HNW and family-office clients in Australia with investment advisory, alternatives and portfolio management — directly comparable customer segment and service breadth to Crestone.
• JBWere: One of Australia's longest-standing private wealth managers (now part of Goldman Sachs), serving HNW and UHNW families with bespoke advisory and direct equity research — overlapping client base and service model with Crestone.
• UBS Wealth Management Australia: Global private bank with substantial Australian HNW/UHNW franchise offering investment advisory, alternatives and family-office services — directly competes for the same client pool as Crestone.
• J.P. Morgan Private Bank Australia: Global private bank with Australian presence targeting UHNW families and family offices with integrated wealth advisory, alternatives and global investment access — comparable client segment and global-platform model to Crestone.
• ANZ Private Bank: Big-four Australian private bank serving HNW/UHNW clients with bespoke advisory and investment services — competes directly with Crestone in the same client segment.
• NAB Private Bank: NAB's private banking arm serves HNW clients with wealth structuring, advisory and lending — overlaps directly with Crestone's UHNW family offering in Australia.
• Westpac Private Bank: Westpac's private bank caters to HNW/UHNW clients with investment advisory, family advisory and succession planning — comparable client type and service breadth to Crestone.

Broad incumbents

• Goldman Sachs Private Wealth (Australia, via JBWere): Global private wealth franchise with Australian presence anchored through JBWere, serving UHNW families with advisory, alternatives and capital-markets access — overlapping client pool though operating as a broader diversified firm.
• Insignia Financial (formerly IOOF): Large Australian wealth and advice group with HNW/advisory exposure, though broader retail-platform focus — adjacent peer given overlap in HNW advice but wider product set.

Regional players

• Morgan Stanley Wealth Management Australia: Global wealth manager serving Australian UHNW clients through select advisers with investment advisory and alternatives — comparable offering though smaller local footprint than Crestone.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lgt-wealth-management-australia

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Crestone