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October 4, 2022

Apella Capital expands with acquisition of Berywn, Pa.-based company

PHOTO | CONTRIBUTED Apella Capital LLC is headquartered in Glastonbury at 151 National Drive.
By Andrew Larson

Glastonbury-based Apella Capital LLC, a financial advisory and wealth management firm, has acquired Structured Asset Management, an investment adviser based in Berywn, Pa.

The purchase increases Apella’s assets under management by about $140 million and is part of a larger expansion.

This is Apella’s third acquisition of 2022 and second with Wealth Partners Capital Group, a financial services company that invested in the firm in September 2021. Earlier this year, Apella announced its acquisitions of NR Smith and Associates, and Metrist Wealth Advisors.

Structured Asset Management founder Bill Suplee will take the position of senior financial adviser at Apella.

“We are thrilled to have the Structured team join Apella,” said Jim Scanlan and Rob Martin, co-presidents of Apella. “They have a strong client-first culture and share our passion for supporting families in the pursuit of their goals.”

Terms of the deal, which closed on Sept. 30, were not disclosed.


 

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