Fairport Wealth Acquires Wealth CMT
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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