On September 8, 2021, it was announced that Apella Capital LLC and Wealth Partners Capital Group, LLC had entered into an agreement to form a strategic partnership.
Under the terms of the agreement, Apella Capital LLC (“Apella”) will receive a minority investment from Wealth Partners Capital Group, LLC (“WPCG”). The transaction, subject to customary closing conditions, was expected to close by the end of the third quarter of 2021. Further terms of the deal were not disclosed.
Apella, based in Glastonbury, Connecticut, is a national registered investment advisor, focusing on factor-based investing and planning. As of September 1, 2021, Apella had approximately $2.4 billion in assets under management and administration.
WPCG, based in West Palm Beach, Florida, is a financial services holding company which invests and partners with wealth management firms, providing them with capital and strategic support.
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