Irvine, California-based wealth management firm brings $130 million in AUM
Apella Capital, LLC, DBA Apella Wealth, a financial advisory and wealth management firm serving individuals, families, and businesses, announced Clarity Wealth Management, 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.
“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”
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.
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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.”
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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.
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