Apella Wealth Adds $1B Park Piedmont Advisors 

Apella Wealth has added an Illinois-based registered investment advisor firm that oversees about $1 billion in assets under management.  

Park Piedmont Advisors, formed in 2003, was initially founded by father-and-son duo Victor and Nick Levinson. Now, the firm is led by partners and senior financial advisors Nick and his brother, Tom Levinson.  

Park Piedmont Advisors also includes senior financial advisor Richard Backer, financial advisors Samantha Ngooi and Nate Levinson, client services manager Leslie Kahlenberg, client relationship specialist Kathryn Baranoski, marketing manager Corenna Roozeboom, billing, reporting, and data manager Amanda McFarland, and platform specialist Heather Parcel, according to the firm’s page on Apella Wealth’s website. 

The firm provides a “personalized approach” to investment management and financial planning and offers retirement planning and 401(k) investments. The firm also has offices in New York, New Jersey, and California, according to its latest Form ADV Part 2A, which was filed on April 4. 

The firm joined West Hartford, CT-based Apella Wealth because the firm is “closely aligned in how [Park Piedmont Advisors] care for our clients and staff, as well as in our investment approach.” 

The transaction closed on August 29, marking Apella’s 24th transaction and 13th since partnering with Wealth Partners Capital Group, which invested in Apella in September 2021. 

Apella Wealth’s latest addition is the firm’s second Midwest location, the first being Johnston, Iowa-based RIA Iron Horse Wealth Management, which oversees more than $574 million in assets under management.  

Recently, Apella Wealth has added McLean, VA-based Independence Wealth Advisors, which manages more than $207 million in client assets.  

Apella Wealth, founded in 2014, oversees about $8 billion in assets under management, according to the firm.