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March 10, 2025

West Hartford wealth management firm expands with acquisition

Photo | Contributed
By Harriet Jones

Apella Wealth, a West Hartford-based financial advisory firm, has bought a Pennsylvania-based investment advisor, Marrella Private Wealth.

Terms of the deal were not disclosed.

It’s part of an aggressive expansion strategy by the Connecticut firm, which is backed by private equity investment. The acquisition marks Apella’s 21st transaction, and its 10th since partnering with Wealth Partners Capital Group, a private equity company that invested in Apella in September 2021.

Marrella Private Wealth is a boutique wealth management firm run by Samual Marrella Sr. and Paul Marrella, headquartered in Wyomissing, PA. 

“We’re excited to welcome Marrella Private Wealth as a partner,” said Apella CEO Patrick Sweeny. “Their focus on individualized planning and advice aligns with our commitment to tailored financial solutions. We look forward to a successful collaboration.”

It becomes Apella’s second presence in Pennsylvania. The company now has 20 offices in 14 states.

The purchase brings Apella’s assets under management to $5.31 billion.
 

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