-New Private Wealth Advisory Firm with $2 Billion in Client Assets Formed-

Partners of Kelly Wealth Management, formerly a HighTower affiliate, today unveiled Verdence Capital Advisors, their new private wealth advisory firm with approximately $2 billion in client assets.Verdence Capital Advisors is an independent investment and wealth advisory firm focused on serving business owners, corporate executives, high net worth families and institutions.The firm’s partners have built their reputations by creating strong relationships with their clients by focusing on trust, integrity and collaboration.

Chief Executive Officer, and one of Barron’s Top 100 Financial Advisors, Leo J. Kelly, III will lead Verdence Capital Advisors.The firm, headquartered in Hunt Valley, Maryland and with offices in Northern Virginia, specializes in all areas of wealth management, business exit and other liquidity event planning, institutional consulting, sports and entertainment clients, family office services, and corporate executive planning services. The firm’s 21 employees are a select group of experienced and caring professionals who believe that advice should be transparent, customized and given without conflicts of interest.

The team leaves HighTower on the best of terms.“We have the utmost respect for our former partners at HighTower.We are grateful for their partnership in helping us move from the wirehouse world to the world of independence.They were an integral part of our firm’s growth and success,” states Leo Kelly.“My partners and I felt it was the perfect time to establish Verdence Capital Advisors.We are constantly raising the bar on our ability to deliver extraordinary advisory services to our clients. Our new firm will provide us the opportunity to build our team of professionals, expand our offerings and stay on the leading edge of sophisticated wealth advisory services.”

Verdence stems from the Latin word “Vere” meaning “true” combined with the word “Independence.” True independence is one of the guiding principles of Verdence Capital Advisors. The firm is dedicated to maintaining the highest degree of objectivity, flexibility, innovative technology and sophistication in their approach to managing all aspects of their clients’ capital.

About Verdence Capital Advisors

Verdence Capital Advisors is a nationally-recognized private wealth advisory and multi-family office firm headquartered in Hunt Valley, Maryland, with an office in Northern Virginia.Committed to the principle that advice should be transparent, customized and given without conflicts of interest, true independence is one of the guiding principles of Verdence Capital Advisors.For more information visit www.verdence.com.