Cantor Fitzgerald Investment Advisors (CFIA), a subsidiary of Cantor Fitzgerald providing investment and advisory solutions to global investors, announced the acquisition of the asset management business of Smith Group Asset Management, a registered investment advisory firm with approximately $2.5 billion in assets under management and a strong track record in the industry.
The Texas-based asset management platform will operate out of a newly formed subsidiary of CFIA, Smith Group Asset Management, with the same team that previously served at Smith Group and will continue to be led by Stephen Smith, founder and CEO of Smith Group, in his role as senior managing director, founder and CEO.