Edward Karppi Joins Verdence Capital Advisors as Director

Baltimore, MD – April 5, 2022 – Verdence Capital Advisors (“Verdence”), a nationally-recognized private wealth advisory firm, is today announcing that investment industry veteran Edward W. Karppi, CFA, has joined the firm as a Director, based out of the firm’s Alexandria, VA office and with a significant focus on clients located in and around his hometown Charlottesville, VA and Central Virginia market.

Mr. Karppi is now an integral member of the Verdence Investment Committee and Advisory team, and brings more than 30 years of industry experience, particularly in helping families, individuals, nonprofits, foundations, and endowments achieve their unique investment goals.

Prior to joining Verdence, he was Co-Chief Investment Officer and Partner at Mangham Associates. He has also been a Managing Director and Senior Investment Officer with the American National Red Cross, a Director with ICMA Retirement Corp., a Securities Industry Account and Examiner with the U.S. Securities and Exchange Commission, and more.

“Ed brings a tremendous amount of experience in not only investment management but in working with individuals, boards, families and more, and we are very excited to have him join our team,” said Leo Kelly, CEO of Verdence Capital Advisors. “Whatever the asset class, Ed has researched it, and whatever the client’s needs, he takes the time to understand their unique situation. That client-centric approach is what we are all about here at Verdence, and it was a natural fit to bring him onboard in this role.”

Mr. Karppi earned a B.S. in Systems Engineering from the University of Virginia and an MBA from George Mason University. He is also a CFA Charterholder.

“I can already tell what a great fit this is and I am very excited for all that my new colleagues and I are going to be able to accomplish on behalf of our clients here at Verdence,” added Mr. Karppi.

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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 bias, true independence is one of the guiding principles of Verdence Capital Advisors. Verdence advises and manages investment assets for individuals, nonprofits, trusts, families, and foundations, with approximately $3 billion in assets under management.

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