Apella Wealth Acquires Iron Horse Wealth | $574M RIA Deal
- Apella Wealth, based in West Hartford, CT, has broadened its reach with the acquisition of Iron Horse Wealth Management, a registered investment advisor (RIA) located in Johnston, iowa.
- Iron Horse Wealth Management, established in 2012, offers an array of services, including financial and retirement planning, college planning, and investment management.
- Jim Scanlan, president of Apella, emphasized the importance of this partnership.
apella Wealth has strategically expanded its reach with the acquisition of Iron Horse Wealth Management, a move that substantially boosts their assets under management. This pivotal deal, finalized in june 2025, adds over $574 million in assets, marking a key milestone in Apella’s ongoing expansion and growth within the wealth management sector, specifically targeting the Midwest. Iron Horse, founded in 2012, provides thorough financial planning services, including retirement, collage planning, and investment management, now integrated under the Apella umbrella. This acquisition, part of Apella’s larger strategy, enhances its national presence following prior acquisitions like Young Wealth Management and Marrella Private Wealth. Discover this and similar financial news at news Directory 3. As Apella Wealth continues to seek strategic partnerships, bolstering its service and market reach, learn more about this deal and what this means to the investors.
Apella Wealth Expands Midwest Footprint with Iron Horse acquisition
Apella Wealth, based in West Hartford, CT, has broadened its reach with the acquisition of Iron Horse Wealth Management, a registered investment advisor (RIA) located in Johnston, iowa. The deal brings over $574 million in assets under management to Apella,marking a significant step in the company’s expansion strategy and wealth management growth.
Iron Horse Wealth Management, established in 2012, offers an array of services, including financial and retirement planning, college planning, and investment management. Founder and President Dennis Markway leads the firm, supported by senior financial advisors Greg Hayes and Danny beyer, along with associate advisors Mark Broderick and Penny Schmidt.
Jim Scanlan, president of Apella, emphasized the importance of this partnership. “This partnership represents a significant milestone in apella’s geographic expansion as we establish our first Midwest-based team,” Scanlan said. “We are excited to welcome a highly respected firm,known for its unwavering commitment to clients,to Apella.”
Iron Horse Wealth Management’s Form ADV, updated in June, indicates the firm manages $532 million in client assets across 1,431 accounts. The transaction, finalized June 20, represents Apella’s 22nd acquisition and its 11th since partnering with Wealth Partners Capital Group in September 2021. This strategic investment has fueled Apella’s growth trajectory.
Prior to this acquisition, Apella Wealth acquired Young Wealth Management, based in Davis, CA, with $144 million in assets in January. In March, the firm added Marrella Private wealth of Wyomissing, PA, which managed $518 million in assets. These acquisitions demonstrate Apella’s commitment to expanding its national presence and enhancing its financial planning services.
As of June 20, Apella Wealth oversaw approximately $6.08 billion in client assets.The company was founded in 2014 and continues to seek strategic partnerships to enhance its service offerings and market reach in the competitive financial advisor landscape.
what’s next
Apella Wealth is expected to continue its expansion strategy, seeking further acquisitions to bolster its assets under management and geographic footprint. The company’s partnership with Wealth Partners capital Group provides a strong foundation for future growth and strategic investments in the wealth management sector.