Apella Wealth Expands East Coast Presence with Addition of ClearLogic Financial, Inc.
April 16 2024 - 3:28PM
Business Wire
Wealth management firm from Reston, VA brings
$464 million in AUM
Apella Capital, LLC, DBA Apella Wealth (“Apella”), a financial
advisory and wealth management firm serving individuals, families,
and businesses, announced today that ClearLogic Financial, Inc.
(“ClearLogic”), a registered investment advisor (“RIA”), has joined
the firm. This acquisition establishes Apella’s presence in Reston,
VA, and adds to its regional financial planning and investment
management capabilities.
ClearLogic is led by Mark Atherton, President, and provides
comprehensive wealth management services for professionals and
pre-retirees in both the federal and private sectors. As a result
of this partnership, ClearLogic clients will gain access to the
broad range of resources offered by Apella, including expanded
services and an enhanced technology suite. The entire ClearLogic
team will join Apella, and Mark Atherton will assume the role of
Regional Director.
“We are thrilled to have Mark and his team join the Apella
family. As experienced industry professionals who have been
practicing evidence-based investing and planning for many years,
Mark and his team are fully aligned with Apella’s mission,” said
Apella CEO, Patrick Sweeny.
“Apella is a great cultural fit for our team and our clients,”
said Atherton. “By partnering with Apella, my team can focus more
time and energy on serving our clients and spend less time on the
administrative aspects of running a business.”
This is Apella’s seventeenth acquisition, and sixth since
partnering with Wealth Partners Capital Group (“WPCG”), a financial
services holding company that invested in Apella in September
2021.
The acquisition closed on April 12, 2024, and will increase
Apella’s assets under management by approximately $464 million.
Financial and Legal terms of the deal were not disclosed.
ClearLogic was represented by Jessica Polito of Turkey Hill
Management, LLC for the transaction.
About Apella Wealth
Apella Wealth was founded in 2014 by two financial advisors,
Patrick Sweeny and David Connelly, who are passionate about finding
a better way to help investors achieve their long-term goals.
Apella is a national RIA built around a select community of
like-minded advisors who believe in Evidence-Based investing and
detailed financial planning. Headquartered in West Hartford, CT,
Apella offers its wide range of financial advisory services across
several financial advisory offices, spanning both coasts and
serving thousands of individual and institutional investors.
Managing over $3.84 billion* AUM, the firm’s financial advisors are
dedicated to building lifelong client relationships and providing
Advice for Life. For more information about Apella, please visit
www.apellawealth.com.
*As of 3/31/2024 (assets under management and
administration)
About Wealth Partners Capital Group
Wealth Partners Capital Group ("WPCG") is a financial services
holding company, which invests in and partners with select leading
wealth management firms. WPCG assists its partner firms by
identifying and integrating like-minded wealth advisers who seek
access to expanded business capabilities, strategic growth and/or
customized transition solutions. For more information, please visit
www.wealthpcg.com
Apella Wealth is an investment advisory firm registered with the
Securities and Exchange Commission (SEC). The firm only transacts
business in states where it is properly registered or excluded or
exempted from registration requirements. Registration of an
investment adviser does not imply any specific level of skill or
training and does not constitute an endorsement of the firm by the
SEC. The information here is provided for general information
purposes only and should not be considered a recommendation or
personalized investment advice.
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Michelle Margo Director of Marketing mmargo@apellawealth.com
860-781-6558