Apella Wealth has added Kilner Capital Advisors, a Gaithersburg, Maryland-based firm with approximately $332m in assets under management.
Financial terms of the deal remain undisclosed.
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The move increases Apella’s presence in the Mid-Atlantic.
Joseph F. “Joe” Kilner founded Kilner Capital Advisors.
The firm provides wealth management through investment, tax and estate planning.
Joe Kilner said: “Throughout our search for the right partner, we focused on finding a firm that shares our commitment to evidence-based investing, comprehensive financial planning, and always putting clients first.
“Apella stood out as the right fit. This partnership allows us to preserve the personal relationships our clients value while expanding access to the resources, expertise, and capabilities needed to support their financial goals for years to come.”
Kilner has joined Apella as a Partner and senior wealth advisor. His team has also joined the firm.
The addition is Apella’s 31st overall.
It is also the firm’s 20th transaction since Wealth Partners Capital Group (WPCG), a financial services holding company, invested in Apella in September 2021.
Apella had more than $12.5bn in assets under management following the Kilner transaction.
Apella CEO Jim Scanlan commented: “Joe has built his practice around truly knowing his clients and what matters most to them.
“He brings a thoughtful, personal approach to financial advice and a genuine commitment to the people he serves. That combination makes him a natural fit for Apella, and we’re thrilled to welcome Joe and his team to the firm.”
Apella acquired Morris Financial Concepts last month for an undisclosed sum. The registered investment adviser is based in Mount Pleasant, South Carolina.
Morris Financial Concepts added about $544m in assets under management to Apella and extended the firm’s coverage in the southeastern US. Established in 1983, the firm advises individuals and families on wealth management.
