Apella Capital (DBA Apella Wealth), a financial advisory and wealth management firm serving individuals, families, and businesses, announced today that ClearLogic Financial, 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 headed by President Mark Atherton, who provides comprehensive wealth management services for professionals and pre-retirees in the federal and private sectors. And as a result of this partnership, ClearLogic clients will gain access to a wide range of resources offered by Apella, including expanded services and an enhanced technology suite. The whole ClearLogic team will join Apella and Mark Atherton will assume the role of Regional Director.
This is Apella’s seventeenth acquisition and sixth since partnering with Wealth Partners Capital Group (WPCG), which is a financial services holding company that invested in Apella in September 2021.
The deal closed on April 12, 2024, and will increase Apella’s assets under management by about $464 million. The terms of the deal were not disclosed.
ClearLogic was represented by Jessica Polito of Turkey Hill Management for the deal.
KEY QUOTES:
“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.”
- Apella CEO Patrick Sweeny
“Apella is a great cultural fit for our team and our clients. 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.”
- ClearLogic President Mark Atherton
