On June 24, 2025, Apella Wealth announced its acquisition of Iron Horse Wealth Management.
Apella Wealth (“Apella”) announced, on June 24, 2025, that it acquired Iron Horse Wealth Management (“Iron Horse”) in a transaction that closed on June 20, 2025. As part of the acquisition, the entire Iron Horse team will join Apella, and Dennis Markway, Founder of Iron Horse, will take on the role of Regional Director. Further terms of the transaction were not disclosed.
Apella, based in West Hartford, Connecticut, is a registered investment advisor and wealth management firm offering investing and financial planning services. As of the closing, Apella had approximately $6.08 billion in assets under management.
Iron Horse, based in Johnston, Iowa, is a registered investment advisor specializing in financial planning and retirement planning. Iron Horse has approximately $574 million in assets under management.
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