Fairport Wealth Acquires FMA Advisory

INVESTMENT MANAGEMENT DEALS BLOG

November 4, 2021

On October 7, 2021, it was announced that Fairport Wealth would acquire FMA Advisory, Inc.

Under the terms of the transaction, Fairport Wealth (“Fairport”), a Hightower Advisors, L.L.C. (“Hightower”) advisory business, will acquire FMA Advisory (“FMA”). Further terms of the deal were not disclosed.

Fairport, based in Cleveland, Ohio, assists business owners and executives reach their life goals, providing specific offerings for those in transition and women.

Hightower, based in Chicago, is a full-service wealth management firm, that provides financial, investment, and retirement services to individuals, foundations and family services. Hightower also offers 401(k) consulting and cash management services to corporations. As of June 30, 2021, Hightower had approximately $125.2 billion in assets under administration and $101 billion in assets under management.

FMA, based in Harrisburg, Pennsylvania, is a wealth management business that serves retirees, professional athletes, executives, business owners, nonprofits, charitable organizations, and retirement plans. FMA has approximately $500 million in assets under management.

To read the press release: please click here.