GLASTONBURY, Conn.--(BUSINESS WIRE)--Apella Capital, LLC, DBA Apella Wealth (“Apella”), a financial advisory and wealth management firm serving individuals, families, and businesses, today announced Clarity Wealth Management (“Clarity”), a registered investment advisor (“RIA”), has joined the firm. The acquisition establishes Apella’s presence in Irvine, California and adds to its financial planning and investment management capabilities in the region.
Led by Gina Chironis, Clarity provides financial planning, portfolio creation, asset management, and tax planning services. As a result of the acquisition, Clarity clients will gain access to Apella’s broad range of resources, enhanced technology and expanded services. Gina Chironis will assume the role of Senior Financial Advisor and Partner and will be joined by the entire Clarity team at Apella.
David Connelly, Chairman and Co-Founder of Apella, said, "We are delighted to welcome Clarity to the Apella team. They'll be a wonderful addition to our expanding footprint in the Pacific Southwest and across the country. They share our enthusiasm for strategic thinking, client experience, and evidence-based investing.
"As a national organization made up of like-minded advisers, we continue to broaden our geographic reach, and it's thrilling to announce that we now have a new office in Southern California," added Connelly.
“We couldn’t be more enthusiastic about joining forces with Apella and the opportunity it brings us to better serve our clients,” said Chironis. “It’s important to us to show people how to connect their wealth with their most heartfelt values, relationships, and interests. Apella shares this philosophy, which made the decision to partner an easy one.”
This is Apella’s first acquisition of 2023 and third jointly with Wealth Partners Capital Group (“WPCG”), a financial services holding company that invested in the firm in Sept. 2021.
Nick Trepp, WPCG Principal added: “Not only is there a strong cultural alignment between Apella and Clarity, but this partnership will strengthen Apella’s presence on the west coast, and secure a new location in the Orange County market.”
The acquisition closed on February 22, 2023 and will increase Apella’s assets under management by approximately $130 million. Financial and legal terms of the deal were not disclosed.
About Apella Capital
Apella Capital, LLC DBA Apella Wealth (“Apella”) was founded in 2014 by two financial advisors, Patrick Sweeny and Chairman and Co-Founder 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 planning. Headquartered in Glastonbury, 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 $2.7 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 12/31/2022 (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 registered investment advisers and financial advisors who are seeking access to expanded business capabilities, strategic growth and customized transition solutions. For more information, please visit www.wealthpcg.com.