News & Insights

Matt Logar Takes Reins as CEO

By Fairport Wealth

We are pleased to announce that President Matt Logar has been appointed CEO. A tenured leader with more than two decades of wealth management experience, Matt succeeds Ken Coleman, who has retired after nearly 25 years of leading Fairport to becoming the industry powerhouse it is today.

Matt joined Fairport in 2021 as director of client strategy and in 2022 was elevated to the role of president. He has played an integral role in the firm’s business growth, including the most recent acquisitions facilitated by parent company Hightower Advisors. In the last four years, Fairport has nearly doubled in size from 32 employees to more than 50, expanded into new markets outside Cleveland and increased the number of inspired families we serve from nearly 700 to close to 2000.

“Under Ken, Fairport has grown from a well-respected RIA into a major industry player with an expanding presence in the Midwest and Northeast. The talent he’s attracted and retained at Fairport is absolutely some of the best in the business,” said Matt. “We are well positioned to continue the strong pace of organic and inorganic growth, and we look forward to building this momentum while continuing to guide our clients toward reaching their financial and life goals. The opportunity for growth in our future is unlimited.”

This succession plan has been under development for over two years. While the industry often speaks of a succession crisis, we are proud to have the leadership and resources to help ensure we are well prepared to serve our multigenerational clients in this rapidly evolving space.

“We’re thrilled to have been able to support Fairport in their succession plan,” said Hightower CEO and Chairman Bob Oros. “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. Ken has been dedicated to the business since our investment in Fairport five years ago, helping to ensure its success and longevity with the right hire and decision in bringing in Matt. A thoughtful leader in wealth management, Matt is a driving force in Fairport’s significant growth trajectory and we’re looking forward to continuing our partnership with him on this next chapter.”

Learn more about Matt here.