Apollon extends Northeast presence with CIC Wealth deal

Apollon extends Northeast presence with CIC Wealth deal
The addition of a seasoned advisor team with more than 55 years of combined experience marks the firm's strategic expansion into the Maryland and DC markets.
OCT 25, 2024

Apollon Holdings has strategically strengthened its geographic footprint through a partnership with Maryland-based CIC Wealth Management.

The new partnership, forged through its subsidiary Apollon Wealth Management, strengthens Apollon’s presence in the Northeast region and adds a team of seasoned advisors with over 55 years of combined experience.

CIC Wealth Management, based in Rockville, Maryland, is led by Ryan Wibberley, Michael Fein, and Frank Cappadora. Through the partnership, the firm will join Apollon Wealth while continuing to offer holistic wealth management services. New team members from CIC include Judy Ann Byrd, Andy Smith, Rich Sebastian, Austin Pearl, and Dawn Wright.

“We’re thrilled to join Apollon Wealth Management and provide clients with state-of-the-art tools and leadership,” Wibberley said in a statement. “This marks an exciting chapter for CIC Wealth as we continue to work to help clients achieve their financial goals.”

In addition to the CIC Wealth partnership, Apollon Holdings has welcomed several new advisors across its other wealth management platforms.

David Haggard, based in Atlanta, Georgia, joined Apollon Wealth Management in mid-September, bringing expertise in financial planning and investment management.

Since launching in 2018, Apollon Wealth Management has expanded to include over 80 advisors across the US, focusing on fee-based advisory services for affluent clients, families, and business owners.

Apollon Financial, another subsidiary, has also expanded with the addition of two new firms. Granite Investment Group, led by Martin Beck out of Downers Grove, Illinois, joined Apollon Financial, adding over 30 years of wealth management experience. Jim McGowan and Fran Gutrich have also joined the firm, with McGowan based in King of Prussia, Pennsylvania, and Gutrich in Downers Grove, Illinois.

The fee-based firm extended its reach in South Carolina this summer with an August deal to acquire the DeHollander Financial Group.

Latest News

Can advisors still cut through the noise in digital marketing?
Can advisors still cut through the noise in digital marketing?

With a fifth of RIA firms using AI to create marketing content, one leading voice argues a clear identity and focusing on clients will be crucial to success.

With wealth management market cooking, LPL Financial shares hit new highs
With wealth management market cooking, LPL Financial shares hit new highs

LPL Financial is a bellwether for the broader financial advice marketplace.

Wealth tech Alix raises $20M to expand AI-powered estate settlement platform
Wealth tech Alix raises $20M to expand AI-powered estate settlement platform

The San Francisco-based startup's Series A funding, with support from Schwab and Edward Jones Ventures, will reinforce its role in the coming $124 trillion wealth transfer.

Summit Financial adds four RIAs, nets $1.2B in new assets
Summit Financial adds four RIAs, nets $1.2B in new assets

The quartet of deals across New York, Florida, Ohio, and New Mexico reinforces the fast-growing integrator's leading position in the independent space.

Advisor moves: Raymond James welcomes UBS, Wells Fargo teams in bicoastal moves
Advisor moves: Raymond James welcomes UBS, Wells Fargo teams in bicoastal moves

UBS and Wells Fargo have made their own additions in the Northeast, including a Massachusetts duo defecting from Commonwealth.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.