Cantor Fitzgerald Investment Advisors (CFIA), a unit of Cantor Fitzgerald, has acquired the businesses of San Diego ETF investment firm Efficient Market Advisors (EMA) for an undisclosed sum.

EMA, founded in 2004 by Herb Morgan III, builds investment portfolios using exchange-traded funds (ETFs).

The firm, which has around $1.1bn in assets under advisement and 11 staff, will remain in San Diego and operate within Cantor’s investment advisory subsidiary.

EMA will retain its existing team and will continue to be headed by Morgan, who will join as a senior managing director and CIO of the Efficient Market Advisors division at CFIA.

CFIA senior managing director Dave Goldfarb said: "EMA has a 12-year track record in providing ETF based investing strategies and solutions to its clients. Combining EMA's capabilities with Cantor's robust global distribution, infrastructure and capital markets expertise, will significantly strengthen our asset management platform."

Cantor Fitzgerald CEO Shawn Matthews added: "With this transaction, we continue the build out of our asset management business, which is an important element of the overall strategic direction of our firm.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.