Apollon Wealth Management has acquired a minority interest in Chicago-based financial consultant Podesta Capital Advisors.
The financial details of the transaction were not divulged.
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Founded in 2017, Podesta Capital Advisors provides an array of wealth management solutions. The company assesses investment eligibility criteria of around 12,000 companies by analysing their earnings.
Podesta Capital Advisors business development and management head Chris Burke said: “The decision to bring in Apollon as a strategic investor and partner expands the breadth and depth of our investment offerings and planning solutions, all while improving the overall client experience with best-in-class technology that is a hallmark of Podesta.”
The two companies also entered into a new partnership that will enable Apollon clients access Podesta’s stock analysis and investment modelling.
On the other hand, the tie-up will allow Podesta to leverage Apollon’s financial planning and wealth management platform.
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By GlobalDataApollon CEO Mike Dolberg said: “We are extremely excited about the new partnership with Podesta Capital Advisors.
“We believe that the combination of Podesta’s extensive money management background in conjunction with Apollon’s full-service financial planning and wealth management platform will take both firms and the client experience to a new level.”
Apollon Wealth Management operates as a financial planning firm with offices in North and South Carolina, Georgia, Florida, Connecticut, Illinois, and Oregon.
