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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