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

Indie $8B RIA adds further leadership talent amid growth drive
Indie $8B RIA adds further leadership talent amid growth drive

Executives from LPL Financial, Cresset Partners hired for key roles.

Stock volatility remained low despite risk events
Stock volatility remained low despite risk events

Geopolitical tension has been managed well by the markets.

Fed minutes to provide signals on rate cuts
Fed minutes to provide signals on rate cuts

December cut is still a possiblity.

Trump's tariff talk roils markets, political leaders
Trump's tariff talk roils markets, political leaders

Canada, China among nations to react to president-elect's comments.

Ken Leech formally charged by SEC, US Attorney's Office
Ken Leech formally charged by SEC, US Attorney's Office

For several years, Leech allegedly favored some clients in trade allocations, at the cost of others, amounting to $600 million, according to the Department of Justice.

SPONSORED The future of prospecting: Say goodbye to cold calls and hello to smart connections

Streamline your outreach with Aidentified's AI-driven solutions

SPONSORED A bumpy start to autumn but more positives ahead

This season’s market volatility: Positioning for rate relief, income growth and the AI rebound