PBMares, a US-based public accounting and consulting practice, has divested its wealth management unit, PBMares Wealth Management, to Apella Wealth (Apella).
Financial details of the deal were not divulged.
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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.”
The acquisition is intended to broaden Apella’s footprint in the Mid-Atlantic region and add staffing, planning capability and other resources for client work.
Apella president Jim Scanlan added: “We are thrilled for the PBMares wealth team to join Apella and to continue a strategic relationship with PBMares.
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By GlobalData“Their client-first philosophy mirrors Apella’s and they have a background of wealth advisory and CPA [certified public accountant] expertise which strengthens the firm.”
It is Apella’s 25th acquisition and the 14th completed since Wealth Partners Capital Group (WPCG) invested in the company in September 2021.
WPCG founding partner Sean Bresnan said: “This partnership brings together two outstanding teams, united by a shared commitment to client-first values and deep expertise in wealth management and financial planning.
“As Apella strengthens its presence in the Mid-Atlantic and beyond, WPCG remains committed to supporting Apella’s growth in the years ahead.”
The deal closed on 31 December 2025. At that point, Apella was nearing $10bn in assets under management.
