Apella seals deal for $464M advisory team

investmentnews.com:

Apella Wealth, a wealth management provider for individuals, families, and businesses, has just expanded its East Coast footprint in a big way. The Connecticut-based RIA announced that it has snapped up ClearLogic Financial, a Reston, Virginia-based advisory firm.

This move not only solidifies Apella’s presence in Virginia but also enhances its regional offerings in financial planning and investment management.

Operating under the leadership of its president, Mark Atherton, an 18-year veteran of the industry, ClearLogic specializes in comprehensive wealth management for professionals and pre-retirees across federal and private sectors.

“We are thrilled to have Mark and his team join the Apella family,” Patrick Sweeny, CEO of Apella, said in a statement. “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.”

With the integration into Apella Wealth, ClearLogic’s clients will now have access to a wider array of resources, including advanced services and technology enhancements.

In his new capacity as regional director, Atherton will continue leading his team within the Apella structure.

“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,” he said.

The deal for ClearLogic marks the 17th acquisition for Apella, which has been recognized as one of the fastest-growing RIAs, and is the sixth since the firm partnered with Wealth Partners Capital Group in September 2021.

Officially completed on April 12, the acquisition of ClearLogic brings an additional $464 million in assets under management to