Apella acquires PBMares Wealth Management

Core Insights - Apella Wealth has acquired the wealth management arm of PBMares, enhancing its resources and client service capabilities [1][2] - This acquisition marks Apella's 25th overall and 14th since the investment from Wealth Partners Capital Group in September 2021 [2] - The transaction brings Apella close to $10 billion in assets under management [3] Company Overview - PBMares Wealth Management is an independent registered investment advisory firm focused on personalized financial advice [1] - Apella's president emphasized the alignment of client-first philosophies between Apella and PBMares, highlighting the expertise in wealth advisory and CPA [2] Future Outlook - PBMares CEO expressed confidence in the transition, stating that clients will continue to work with the same trusted team under a new name for the wealth management division [3] - The acquisition is expected to provide more robust resources for clients navigating significant life milestones [3]