Apella Wealth has purchased the wealth management arm of PBMares, with operations based in Williamsburg, Virginia.
Financial specifics of the deal remain undisclosed.
PBMares Wealth Management is an independent registered investment advisory firm, with a focus on “personalised” financial advice.
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The acquisition is expected to provide Apella with additional resources and planning capability and brings in new personnel to support client services.
Apella president Jim Scanlan said: “We are thrilled for the PBMares wealth team to join Apella and to continue a strategic relationship with PBMares LLP.
“Their client-first philosophy mirrors Apella’s and they have a background of wealth advisory and CPA expertise which strengthens the firm.”
This is Apella’s 25th acquisition overall and its 14th since Wealth Partners Capital Group (WPCG), a financial services holding company, invested in the firm in September 2021.
With the transaction, Apella is approaching $10bn in assets under management.
PBMares CEO Harvey Johnson said: “We are proud to help our clients navigate life’s most significant milestones. This next chapter brings more robust resources and a new name for the wealth management division, and our clients will work with the same team they trust. We look forward to maintaining a relationship with Apella going forward.”
In September 2025, Park Piedmont Advisors joined Apella.
Park Piedmont, founded in 2003, operates as a fee-only adviser and is known for its focus on personalised investment management and financial planning.
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