Hightower Advisory Fairport Wealth Names Matt Logar CEO

Matt Logar.

Fairport Wealth, a Hightower Advisers LLC business, announced the promotion of Matt Logar to CEO on Wednesday.

Fairport, based in Cleveland, announced the executive with more than two decades of experience in wealth management will take the role after a succession plan that has been in place for two years. Having served as president since 2022, Logar will succeed Ken Coleman, who is retiring after more than 24 years as CEO of Fairport.

Fairport became part of Hightower in 2017 through Hightower’s acquisition of WealthTrust. Chicago-based Hightower has been engaged with Fairport’s succession planning for the new CEO, according to the announcement.

“We’re thrilled to have been able to support Fairport in their succession plan,” Hightower CEO and Chairman Bob Oros said in a statement. “When we seek out firms to join our community, strong leadership and founders or executives committed to continuing to operate the firm after they become part of Hightower is critical.”

Hightower has been acquiring advisories over the past decade to expand its business of investment, financial and retirement planning services, as well as 401(k) consulting and cash management services. Since being acquired by Hightower, Fairport has acquired four RIAs, as facilitated by its parent firm.

“One of the most exciting pieces of this smooth transition is that Fairport can continue to grow without missing a beat—that includes a focus on right-fit transitions,” Oros said in an email. “Geography is important but cultural fit is paramount.”

Logar joined Fairport in 2021 as director of client strategy. Before joining Fairport, he directed the financial planning and advice teams as a senior vice president within Key Bank’s wealth management division. Earlier in his career, he founded and established a financial planning and investment advisory firm.

“Ken has built an incredible organization and the talent at Fairport is absolutely some of the best in the business,” Logar said in a statement. “We are well positioned to continue the strong pace of organic and inorganic growth that we have experienced since becoming a Hightower advisory business.”