Optimal Portfolio, led by Yu Oen in Princeton, New Jersey, has $102 million in assets under management. It will join Fairport’s business of wealth management professionals, bringing its AUM to $3.4 billion, the firm said in a statement.
 
"Between his background as a successful business owner and experience in corporate finance, investment banking and private equity, Oen brings a unique skillset and perspective that will serve as a great benefit to our entire team,” Fairport wealth president Matt Logar said. 

“We are excited to expand into this key region and support him in further growing his business,” he added.
 
Oen specializes in serving executives and business owners, including a number of former Wall Street executives. The business will operate in New Jersey under the Fairport brand name.
 
“Hightower’s expertise in compliance and operations, coupled with offering a wide array of value-added services, including those for business owners, will enable me to better serve my clients as my practice continues to grow,” Oen said. 
 
This is Fairport Wealth’s fourth sub-acquisition in the last three years. In August, Fairport added a team led by Buffalo, New Jersey-based advisor Brian Geary. In 2021, Fairport added FMA Advisory of Harrisburg, Pennsylvania, and in 2019, Fairport added Leonetti & Associates, an existing Hightower advisory business located in Buffalo Grove, Illinois.
 
Hightower chairman and CEO Bob Oros added: “With an attractive client base, Optimal Portfolio aligns with Fairport and Hightower, both culturally and operationally.” 
 
In addition to inorganic support, Hightower said it offers its 131 advisory businesses in 34 states and the District of Columbia a range of services designed to catalyze and accelerate organic growth, including business development consulting, leadership and team development, talent acquisition, marketing support, technology, investment management resources, compliance, accounting, payroll and human resources. 
 
Based in Chicago, Hightower is a wealth management firm with assets under management of $108.4 billion.