Apollon Wealth Management announced Monday that it is expanding into Ohio with the addition of Chornyak & Associates, a Columbus-based financial planning firm previously with Janney Montgomery Scott that adds $1.7 billion in assets to Apollon.
The Chornyak team will join Apollon’s growing national organization and the addition will also deepen its presence in the Midwest, said Apollon.
Apollon is backed by Merchant Investment Management, an Apollon spokesperson told WSR.
Chornyak & Associates was founded over 45 years ago by Joseph A. Chornyak, Sr. and provides financial planning, wealth management, and tax and estate planning, according to Apollon. The Columbus team continues to be led by Chornyak and includes 14 professionals.
Chornyak is joining Apollon as Wealth Management Advisor and Managing Director, the Apollon spokesperson told WSR. Also joining Apollon is his son, Joseph A. Chornyak, Jr.
Client assets will mainly be held in custody with Goldman Sachs Custody Solutions, according to Apollon.
“We’re excited to join a firm that values independence and client service as much as we do,” Chornyak, Sr., said. “Working with Apollon allows us to keep our focus on what matters most: our clients, while accessing a broader set of resources and support.”
“Chornyak & Associates has built its business on trust, relationships, and sound planning,” Michael Dolberg, Founding Partner and CEO of Apollon Wealth Management, said in a news release. “They are a strong cultural fit, and we’re excited to welcome them into the Apollon family.”
Apollon Wealth Management and advisory affiliate Apollon Financial collectively manage over $9.5 billion in client assets, it said. That does not include the assets of Chornyak & Associates, the Apollon spokesperson said.
Apollon “continues to grow its national presence through partnerships with like-minded advisors committed to client-first service,” it said.
Earlier this month, Apollon said Lancaster, Pennsylvania-based advisors Brayden Campbell and James Palys joined its Central Pennsylvania office, bringing seven years of experience each with them.
In March, Apollon said it was expanding into New York City with the acquisition of C.J. Lawrence, an investment management firm with 160 years of history that serves high net worth clients and institutions.
In January, Apollon said it reached $8.65 billion in assets under management (AUM), with 96 advisors across 42 locations.
In November, Apollon said it had recently brought on several new advisory practices, among them: Rockville, Maryland-based CIC Wealth, which included Ryan Wibberley, Michael Fein, Frank Cappadora, Judy Ann Byrd, Andy Smith, Rich Sebastian, Austin Pearl and Dawn Wright; Downers Grove, Illinois-based Martin Beck and Fran Gutrich; and King of Prussia, Pennsylvania-based Jim McGowan.
Jeff Berman, Contributing Editor and Reporter at Wealth Solutions Report, can be reached at jeff.berman@wealthsolutionsreport.com.
