Apella Wealth Tops $4B with 6th Acquisition in Two Years

Apella Wealth has acquired ClearLogic Financial, Inc., a $464 million Reston, VA-based registered investment advisor, expanding the financial advisory and wealth management firm’s East Coast presence.

Led by President Mark Atherton, who co-founded the company with David Connelly in 2014, ClearLogic provides wealth management services for professionals and pre-retirees in both the federal and private sectors. The ClearLogic team will join Apella, and Mark Atherton will become regional director.

“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.

Headquartered in West Hartford, CT, this is the 17th acquisition for Apella and sixth since partnering with Wealth Partners Capital Group, a financial services holding company that invested in Apella in September 2021.

The acquisition closed on April 12 and brings Apella’s assets under management to over $4 billion across close to 4,000 households and over 100 institutional clients.

Firms acquired by Apella adopt its branding, become W-2 employees, and receive access to a technological platform and menu of resources that include retirement plan professionals, research, marketing, and client education.

ClearLogic was represented by Jessica Polito of Turkey Hill Management, LLC for the transaction.