Fairport Wealth, which became a Hightower business in 2017, has made a number of its own M&A deals, establishing offices in a number of locations in the US.

Fairport Wealth, a Cleveland, Ohio-based Hightower advisory business, has appointed Mike Drennen as its chief wealth officer.

In this role, Drennen will assume day-to-day and executive leadership responsibilities previously overseen by Matt Logar, who was recently named CEO, the business said in a statement. 

Drennen will lead a team that oversees the advice, growth, marketing and training functions of the firm. The team includes more than 30 direct reports across Fairport’s five offices.

Since becoming a Hightower advisory business in 2017, Fairport has embarked on its own acquisitions and grown from one to five offices in Cleveland, Ohio; Buffalo, New York; Chicago, Illinois; Harrisburg, Pennsylvania; and Princeton, New Jersey. The firm has nearly doubled in size from 32 employees to more than 50 and increased the number of households it serves from nearly 700 to approximately 2,000, it said in a statement. 

Before joining Fairport, Drennen worked at Hightower Advisors, Fairport’s parent company, as an executive director on the advisor engagement team partnering with advisory firms across the country in running profitable, efficient and growing businesses. Prior to joining Hightower, Drennen served as vice president of business consulting at Carson Group and spent eight years at Fidelity Investments, most notably as a member of the National Accounts relationship management team. Drennen began his career in the banking industry at Fifth Third Bank in Cincinnati, Ohio. He earned a bachelor of science degree in accounting from Miami University in Oxford, Ohio.