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FUNDRAISING NEWS | December 17, 2024

Apella Grows West Coast Footprint with $144M Young Wealth Acquisition

Tags: RIA, Mergers / Acquisitions

Apella Wealth announced that it has acquired Davis, CA-based RIA Young Wealth Management, adding $114M in client assets to the firm and expanding its presence in California.

Young Wealth, led by Kevin M. Young and including advisor Jean Yamamoto, is Apella’s second acquisition of the month, following its purchase of Massachusetts-based RIA Baker Financial Group. It is Apella’s 20th acquisition and ninth since receiving an investment from Wealth Partners Capital Group in 2021. 

Apella said the transaction, for which it did not disclose financial terms, closed on December 13, bringing the firm’s total AUM to $4.86B.

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Written By: Dakota

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