Apella Acquires $489M RIA in Washington

By Alex Padalka October 15, 2020

Apella Capital says it has acquired the RIA Vestory, marking its second deal for 2020.

The addition of Bellevue, Wash.-based Vestory will bring $489 million in assets under management to Apella, according to the company. The companies didn’t disclose the financial terms of the deal.

Founded in 2009 by CEO Tom Cock and education director Don McDonald, Vestory offers financial planning, portfolio creation, asset management and income management, Apella says. Before becoming a financial advisor, Cock managed radio stations and hosted a weekly PBS television program called “Serious Money,” Apella says. McDonald was the host of a nationally syndicated talk radio program for more than two decades, according to the press release. 

“Apella is aligned with our commitment to academic research and financial planning, and we are confident that joining forces is absolutely in the best interest of our clients,” Cock says in a statement.

The addition of Vestory is Apella’s second transaction of the year, following the January addition of Bacon Financial Group in Dallas, Apella says. 

Founded in 2014 by financial advisors Patrick Sweeny and David Connelly, Glastonbury, Conn.-based Apella managed over $1.5 billion as of the end of June, according to the press release. Apella is an affiliate of Symmetry Partners, which oversees more than $7.6 billion in assets under management and advisement, Apella says.

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