Glastonbury’s Apella Capital, a financial advisory and wealth management group, has acquired a registered investment advisor firm headquartered in Atlanta.
Calandra Financial, which specializes in financial planning, portfolio creation, and asset and income management, officially “joined” Apella earlier this month, company officials said.
A purchase price was not disclosed.
Calandra, founded in 2004, has nearly $80 million in assets under management.
In a statement, Apella CEO Joshua Pace said the acquisition will help establish the company’s presence in the region.
“We see Calandra as a catalyst for growth and an anchor for us in the Southeast,” Pace said. “The outstanding team there shares our passion for planning and client service, making them the perfect cultural fit for our growing team.”
Apella manages over $1.6 billion in client assets and has 11 offices across the country.Â
Late last year, the company acquired investment services firm Vestory, based in Bellevue, Washington.
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