Accounting practice PBMares divests wealth management unit to Apella

PBMares, a US-based nationalist accounting and consulting practice, has divested its wealthiness absorption unit, PBMares Wealth Management, to Apella Wealth (Apella).

Financial details of the woody were not divulged.

PBMares CEO Harvey Johnson said: “We are arrogant to assistance our clients navigate life’s astir important milestones.

“This adjacent section brings much robust resources and a caller sanction for the wealthiness absorption division, and our clients volition enactment with the aforesaid squad they trust. We look guardant to maintaining a narration with Apella going forward.”

The acquisition is intended to broaden Apella’s footprint successful the Mid-Atlantic portion and adhd staffing, readying capableness and different resources for lawsuit work.

Apella president Jim Scanlan added: “We are thrilled for the PBMares wealthiness squad to articulation Apella and to proceed a strategical narration with PBMares.

“Their client-first doctrine mirrors Apella’s and they person a inheritance of wealthiness advisory and CPA [certified nationalist accountant] expertise which strengthens the firm.”

It is Apella’s 25th acquisition and the 14th completed since Wealth Partners Capital Group (WPCG) invested successful the institution successful September 2021.

WPCG founding spouse Sean Bresnan said: “This concern brings unneurotic 2 outstanding teams, agreed by a shared committedness to client-first values and heavy expertise successful wealthiness absorption and fiscal planning.

“As Apella strengthens its beingness successful the Mid-Atlantic and beyond, WPCG remains committed to supporting Apella’s maturation successful the years ahead.”

The woody closed connected 31 December 2025. At that point, Apella was nearing $10bn successful assets nether management.

"Accounting signifier PBMares divests wealthiness absorption portion to Apella" was primitively created and published by International Accounting Bulletin, a GlobalData owned brand.

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