On August 1, 2023, Fairport Wealth announced the acquisition of Wealth CMT.
Under the terms of the transaction Fairport Wealth (“Fairport”) has merged in Wealth CMT in a transaction facilitated by Hightower Advisors, LLC (“Hightower”). Financial terms were not disclosed.
Fairport Wealth, based in Cleveland, is a registered investment advisor that offers wealth planning and investment management. Fairport has $4.5 billion in assets under management. Fairport Wealth is owned by Hightower, a registered investment advisor based in New York with $130 billion in assets under management.
Wealth CMT, based in Cherry Hill, New Jersey, is a registered investment advisor offering financial planning and investment advisory services. Wealth CMT manages $300 million in client assets.
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