Apella Wealth Acquires $574M Iron Horse Wealth

Apella Wealth Acquires $574M RIA, Iron Horse Wealth Management, Expanding Midwest footprint

west Hartford, CT – In a strategic move to broaden its national presence, Apella Wealth has acquired Iron Horse Wealth Management, a registered investment advisor (RIA) firm based in Johnston, Iowa. The deal, finalized on June 20, adds over $574 million in assets under management (AUM) to Apella’s portfolio.

key Details of the Acquisition

Iron Horse Wealth Management, established in 2012, offers a suite of financial services, including financial and retirement planning, college planning, and investment management. The firm caters to a diverse clientele, including families, professionals, retirees, and business owners.

dennis Markway, founder and President of Iron Horse Wealth Management, along with Senior Financial Advisors Greg Hayes and Danny Beyer, and associate Advisors Mark Broderick and Penny Schmidt, will join the Apella Wealth team.

According to Iron Horse Wealth Management’s Form ADV, updated in June, the firm manages $532 million in client assets across 1,431 accounts.

Strategic Significance

Jim Scanlan, President of Apella, emphasized the importance of this acquisition. “This partnership represents a significant milestone in apella’s geographic expansion as we establish our first Midwest-based team,” Scanlan said. “We are excited to welcome a highly respected firm, known for its unwavering commitment to clients, to Apella.”

this transaction marks Apella’s 22nd acquisition and the 11th as partnering with Wealth Partners Capital Group, which invested in Apella in September 2021.

Apella Wealth’s Growth Trajectory

Apella Wealth has been actively expanding its footprint through strategic acquisitions. in January, the firm acquired Young Wealth Management, based in Davis, CA, with $144 million in assets. Following that, in March, Apella acquired Marrella Private Wealth, based in Wyomissing, PA, with $518 million in assets.

Founded in 2014, Apella Wealth oversaw approximately $6.08 billion in client assets as of June 20, solidifying its position as a significant player in the wealth management sector.

Did You Know? The wealth management industry is seeing increased consolidation, with firms like Apella Wealth leading the charge through strategic acquisitions to enhance service offerings and expand geographic reach.

Overview of recent Apella Wealth Acquisitions

Acquisition Target	Location	Assets Under Management	Date of acquisition
Iron Horse Wealth Management	johnston, IA	$574 Million	June 20
Young Wealth Management	Davis, CA	$144 Million	January
Marrella Private Wealth	Wyomissing, PA	$518 Million	March

the Evolving landscape of Wealth Management

The wealth management sector is undergoing significant transformation, driven by factors such as technological advancements, changing client demographics, and increased regulatory scrutiny. Firms are increasingly focusing on providing holistic financial planning services, incorporating elements like estate planning, tax optimization, and philanthropic advising. Apella Wealth’s acquisition strategy reflects a broader trend of consolidation, enabling firms to achieve economies of scale, enhance service offerings, and attract top talent. As of 2024, financial advisors managing over $1 billion in assets saw an average annual increase in AUM of 15%, highlighting the growth potential within this segment.

Pro Tip: When selecting a wealth management firm,consider their experience,expertise,fee structure,and commitment to understanding your unique financial goals and risk tolerance.

Frequently Asked Questions About Wealth management

What is a Registered Investment Advisor (RIA)?

A Registered Investment Advisor (RIA) is a firm or individual that provides advice about securities to its clients. RIAs are registered with the Securities and Exchange Commission (SEC) or state securities authorities and have a fiduciary duty to act in their clients’ best interests.

Why is financial planning important?

Financial planning helps individuals define their financial goals, assess their current financial situation, and develop strategies to achieve their objectives. It encompasses various aspects, including budgeting, saving, investing, insurance, and retirement planning.

How do wealth management firms generate revenue?

Wealth management firms typically generate revenue through fees based on assets under management (AUM), hourly fees, or commissions.The fee structure should be obvious and aligned with the client’s best interests.

What factors should I consider when choosing a financial advisor?

When selecting a financial advisor, consider their qualifications, experience, fee structure, investment philosophy, and client service approach. It’s also essential to ensure they are a fiduciary, legally obligated to act in your best interest.

What are the key trends shaping the wealth management industry?

Key trends include the increasing use of technology, the growing demand for personalized financial advice, the rise of lasting investing, and the increasing focus on holistic financial planning.

What are your thoughts on Apella Wealth’s expansion strategy? How do you see the wealth management landscape evolving in the next few years?

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Apella Wealth Acquires Iron Horse Wealth: A Strategic Expansion in Financial Advisory

In a meaningful move within the financial industry, Apella Wealth, a prominent financial advisory and wealth management firm, has announced the acquisition of iron Horse Wealth Management. This strategic partnership, announced on June 20, 2025, further solidifies Apella wealth’s presence in the financial advisory landscape and adds a considerable $574 million in assets under management (AUM).

The Significance of the Acquisition

The acquisition of Iron Horse wealth Management, a registered investment advisor (RIA), represents a strategic step for Apella Wealth. This expansion not only grows Apella’s AUM but also allows the firm to extend its reach, specifically establishing a footprint in johnston, IA.For clients, this means access to a wider array of financial planning and wealth management services.

Key benefits for Clients

The integration of Iron Horse Wealth Management into Apella Wealth offers numerous benefits for existing and prospective clients:

• Expanded Service Offerings: Clients of both firms can now access a broader range of wealth management services, including retirement planning, investment management, estate planning, and tax strategies.
• Increased Expertise: the combined expertise of the professionals at Apella Wealth and Iron Horse Wealth Management creates a powerhouse of knowledge in various financial domains.
• Enhanced Resources: Clients benefit from the combined resources of both firms, including advanced technology platforms and sophisticated financial planning tools.
• Greater geographic Reach: The acquisition expands Apella Wealth’s geographic footprint, making its services more accessible to a wider clientele.

Understanding Iron Horse Wealth management

Iron Horse Wealth Management, as a registered investment advisor (RIA), has established a reputation for providing personalized financial advice. Their focus on client-centric solutions aligns well wiht apella Wealth’s commitment to comprehensive wealth management.This synergy is crucial for the prosperous integration of the two firms.

What is a Registered investment Advisor (RIA)?

A Registered investment Advisor (RIA) is a financial firm that is registered with the Securities and Exchange Commission (SEC) or state securities regulators. RIAs have a fiduciary duty to their clients, meaning they are legally obligated to act in their clients’ best interests. This commitment to fiduciary duty is a key component of the value proposition that firms like Iron horse Wealth management and apella Wealth offer.

The Future of Wealth Management with Apella

The acquisition of Iron Horse Wealth Management is a testament to Apella Wealth’s growth strategy and its dedication to serving a diverse clientele. By integrating Iron Horse Wealth Management, Apella Wealth positions itself for continued success in the financial advisory industry. This transaction exemplifies the broader trend of consolidation in the wealth management sector, where firms are seeking to scale their operations and provide more comprehensive services. It also demonstrates a commitment to providing unparalleled wealth management services and financial planning for families and businesses.

Apella Wealth’s Commitment to Excellence

with this strategic move and expansion of the firm and the team, Apella Wealth continues to demonstrate its strong commitment to excellence in the following ways:

• Client-Focused approach: The firm maintains a client-first approach, ensuring that all decisions prioritize client well-being and financial goals.
• innovative Solutions: Apella Wealth embraces innovation in financial planning technologies and strategies to deliver cutting-edge solutions.
• Experienced Team: The team consists of highly experienced financial advisors who are committed to staying up-to-date on the latest trends and regulations in the industry.

Financial Advisory Service	Description
Retirement Planning	Developing strategies to achieve financial independence in retirement.
Investment Management	Creating and managing diversified investment portfolios.
Estate Planning	Helping clients plan for the transfer of wealth and assets.
Tax Strategies	Implementing tax-efficient strategies to minimize tax liabilities.

This acquisition underscores Apella Wealth’s commitment to enhancing its services and expanding its reach and its long-term strategic goals. For the user, this means:

• stronger advisory team
• Greater financial resources
• Superior client services