Apella Acquires $518M Marrella Private Wealth 

Apella Wealth has bolstered its East Coast footprint by bringing Wyomissing, PA-based registered investment advisor Marrella Private Wealth into the fold, boosting its assets under management by $518 million. 

Marrella Private Wealth is led by managing directors and wealth advisors Samuel Marrella, Sr. and Paul Marrella. 

“Marrella shares our dedication to outstanding client service, and we’re confident this collaboration will unlock new opportunities and help us better serve our clients’ evolving needs,” said Jim Scanlan, President of Apella. 

This marks West Hartford, CT-based Apella’s 21st transaction since its launch in 2014, and 10th since partnering with Wealth Partners Capital Group (WPCG), a financial services holding company that invested in Apella in September 2021. WPCG also holds a minority stake in Merit Financial Advisors. 

Firms acquired by Apella adopt its branding, become W-2 employees, and receive access to a technological platform and menu of resources that include retirement plan professionals, research, marketing, and client education.  

In January, Apella announced the acquisition of Young Wealth Management, an advisory firm with $144 million in assets, expanding the firm’s presence in Davis, CA. Other recent deals include the acquisition of Barker Financial Group, Inc., a Topsfield, MA-based RIA with $218 million in assets, and ClearLogic Financial, Inc., a $464 million Reston, VA-based RIA.  

The Marrella Private Wealth transaction closed on March 7. Marrella Private Wealth was represented by Derek Bruton of Gladstone Associates in the transaction. As of closing, Apella has $5.31 billion in assets under management.