Apella acquires Iowa RIA Iron Horse Wealth Management
Connecticut-based RIA Apella Wealth has acquired Iowa-based peer Iron Horse Wealth Management for an undisclosed sum.
This marks the expansion of Apella's financial planning as well as investment management services into the Midwest region.
It helps the firm set up a presence in Johnston, Iowa.
The transaction adds $574m in assets to Apella's books. The firm managed $6.08bn in assets upon the deal's completion on 20 June 2025.
Apella president Jim Scanlan said: 'This partnership represents a significant milestone in Apella's geographic expansion as we establish our first Midwest-based team. We are excited to welcome a highly respected firm, known for its unwavering commitment to clients, to Apella.'
Iron Horse is a fee-only advisory firm offering financial planning and fiduciary guidance to individuals and families.
As part of the deal, the complete Iron Horse team moved to Apella, with founder and president Dennis Markway becoming regional director.
Iron Horse founder and president Dennis Markway said: 'We are overjoyed to join Apella, a team that holds itself to the highest ethical and fiduciary standards and shares our deep dedication to clients, employees, and communities. We are excited to collaborate, share expertise, and learn from our peers, knowing that together we can make a meaningful impact.'
This deal represents Apella's 22nd acquisition and the 11th since its alliance with Wealth Partners Capital Group (WPCG), which invested in Apella in September 2021.
"Apella acquires Iowa RIA Iron Horse Wealth Management" was originally created and published by Private Banker International, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Boston Globe
12 minutes ago
- Boston Globe
Greenland has a message for the rest of the world: Come visit
'Our goal and mission is to present and be the ambassadors of Greenland,' said Casper Frank Møller, the chief executive of Nuuk-based tour guide company Raw Arctic, 'and to show what beauty you can experience while you're here.' Advertisement The tourism industry is expected to see a boom this year following the launch of a new route between Nuuk and Newark, New Jersey. The inaugural flight June 14 was the first direct travel from the U.S. to Greenland by an American airline. Traveling to Greenland Before the direct flight, air passengers departing from the U.S. needed a layover in Iceland or Denmark to reach Greenland. The change benefited travelers like Doug Jenzen, an American tourist who was on the United Airlines plane from New Jersey. 'I came with the purpose of exploring some of the natural sites around the world's largest island, hoping to support things like ecotourism and sustainable travel while supporting the local economy,' Jenzen said. Advertisement Cruise ships can already dock on the island but they bring less money to businesses catering to tourists because passengers sleep and usually eat on board. Some 150,000 tourists visited Greenland in 2024, according to Naaja Nathanielsen, Greenland's business minister. 'We really want to grow the tourism sector. It's a very good fit for many in Greenland,' Nathanielsen added. 'Tourism is about good vibes. It's about sharing culture, sharing history. It's about storytelling. And as Inuit, that's very much part of our heritage.' The Trump effect Greenland gained worldwide attention when Trump earlier this year announced he wanted to take control of the semiautonomous Danish territory, through a purchase or possibly by force. Denmark, a NATO ally, and Greenland have said the island is not for sale and condemned reports of the U.S. gathering intelligence there. Despite the diplomatic tension, Frank Møller of Raw Arctic sees an upside. 'It has kind of put Greenland on the world map. And it's definitely a situation that Raw Arctic has used to our advantage,' he said. Still, beefing up the tourism industry should happen at a pace that prioritizes the voices and comfort levels of the roughly 56,000 people on the island, he added. Andreassen, of Nuuk Water Taxi, agreed. 'It's very important for me to tell my own story. Because I always feel like when I meet new people, I always introduce a whole Greenland,' she said. 'It's important for me to show our own culture, our own nature. Not by television, not by other people from other countries.' 'Unforgettable moment' In June, Pinar Saatci, a 59-year-old Turkish tourist, saw several whales breach the ocean surface during a boat tour. 'It's very exciting to be here, at the other part of the world, so far away from home,' she said. 'It's a very exciting and unforgettable moment.' Advertisement Risskov Rejser has visited Greenland several times through her travel company for Danish travelers. But she is worried about the impact of a tourist invasion. 'For me, the worst thing would be if mass tourism starts and people come here, and sort of look upon the Greenland people as if they were a living museum,' she said. 'It has to be done in a respectful way and you have to consider what the consequences are.' Stefanie Dazio in Berlin contributed to this report.
Entrepreneur
14 minutes ago
- Entrepreneur
AppsForBharat Raises USD 20 Mn in Series C Round to Scale Sri Mandir Devotional Platform
The newly raised capital will be deployed to strengthen and scale temple partnerships in over 20 temple towns across India, including Varanasi, Ayodhya, Ujjain, and Haridwar. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. AppsForBharat, the parent company of leading faith-tech platform Sri Mandir, has raised INR 175 crore (approximately USD 20 million) in a Series C funding round led by Susquehanna Asia Venture Capital. Existing investors: Fundamentum (co-founded by Nandan Nilekani), Elevation Capital, and Peak XV Partners, also participated in the round. The newly raised capital will be deployed to strengthen and scale temple partnerships in over 20 temple towns across India, including Varanasi, Ayodhya, Ujjain, and Haridwar. The Bengaluru-based company also plans to expand its services and commerce verticals, set up logistics and fulfillment hubs for prasad and ritual item deliveries, and enhance user experience with AI-powered features. "With this fundraise, we are entering the next phase of growth—scaling temple partnerships, improving digital infrastructure for temples, and building AI capabilities to serve our users better," said Prashant Sachan, Founder and CEO of AppsForBharat. "We've grown 2X in the last six months and are bringing consistent, year-round income to priests and local vendors in temple towns by digitising devotional services." Founded in November 2020 by IIT Bombay alumnus and serial entrepreneur Prashant Sachan, AppsForBharat has quickly emerged as a category leader in the faith-tech space. Its flagship app, Sri Mandir, has seen over 4 crore downloads, enabling devotees to participate in online pujas, send offerings (chadhava), receive prasad, and consume devotional content—all from their homes. In the past year alone, Sri Mandir has facilitated 52 lakh online pujas and chadhavas across more than 70 temples in India. The app also claims to have a strong global footprint, with nearly 20% of its demand coming from the Indian diaspora in countries like the US, UK, UAE, Canada, Australia, and New Zealand. At events like the Mahakumbh Mela 2025, Sri Mandir acted as the exclusive digital partner for Vedashram Trust, serving over 3 lakh devotees with hybrid devotional experiences and personalized pujas. It has also helped smaller temples in regions like Uttarakhand and Tirunelveli increase engagement and income, with digital puja bookings driving 25–30% additional revenue. "Sri Mandir has evolved from a service marketplace to a comprehensive spiritual platform," said Sai Araveti, Investment Advisor to Susquehanna Asia VC. "We're excited to support their mission to blend tradition with technology." With this round, AppsForBharat's total funding crosses USD 50 million, positioning it as a transformative player in India's spiritual and digital landscape.
Associated Press
21 minutes ago
- Associated Press
Greenland has a message for the rest of the world: Come visit
NUUK, Greenland (AP) — Greenland has a message for the rest of the world: We're waiting for you. 'Come visit Greenland,' said Nukartaa Andreassen, who works for a water taxi company in the capital city, Nuuk. 'Learn about it, learn about us. We love to have you. We love to tell our stories and our culture.' The mineral-rich Arctic island is open for tourism. Whale-watching tours, excursions to the iconic puffin island and guided charters through remote settlements are just the beginning of what Greenland has to offer visitors. Locals want to show what makes the island unique beyond a recent diplomatic dustup with U.S. President Donald Trump. 'Our goal and mission is to present and be the ambassadors of Greenland,' said Casper Frank Møller, the chief executive of Nuuk-based tour guide company Raw Arctic, 'and to show what beauty you can experience while you're here.' The tourism industry is expected to see a boom this year following the launch of a new route between Nuuk and Newark, New Jersey. The inaugural flight June 14 was the first direct travel from the U.S. to Greenland by an American airline. Traveling to Greenland Before the direct flight, air passengers departing from the U.S. needed a layover in Iceland or Denmark to reach Greenland. The change benefited travelers like Doug Jenzen, an American tourist who was on the United Airlines plane from New Jersey. 'I came with the purpose of exploring some of the natural sites around the world's largest island, hoping to support things like ecotourism and sustainable travel while supporting the local economy,' Jenzen said. Cruise ships can already dock on the island but they bring less money to businesses catering to tourists because passengers sleep and usually eat on board. Some 150,000 tourists visited Greenland in 2024, according to Naaja Nathanielsen, Greenland's business minister. 'We really want to grow the tourism sector. It's a very good fit for many in Greenland,' Nathanielsen added. 'Tourism is about good vibes. It's about sharing culture, sharing history. It's about storytelling. And as Inuit, that's very much part of our heritage.' The Trump effectGreenland gained worldwide attention when Trump earlier this year announced he wanted to take control of the semiautonomous Danish territory, through a purchase or possibly by force. Denmark, a NATO ally, and Greenland have said the island is not for sale and condemned reports of the U.S. gathering intelligence there. Despite the diplomatic tension, Frank Møller of Raw Arctic sees an upside. 'It has kind of put Greenland on the world map. And it's definitely a situation that Raw Arctic has used to our advantage,' he said. Still, beefing up the tourism industry should happen at a pace that prioritizes the voices and comfort levels of the roughly 56,000 people on the island, he added. Andreassen, of Nuuk Water Taxi, agreed. 'It's very important for me to tell my own story. Because I always feel like when I meet new people, I always introduce a whole Greenland,' she said. 'It's important for me to show our own culture, our own nature. Not by television, not by other people from other countries.' 'Unforgettable moment'In June, Pinar Saatci, a 59-year-old Turkish tourist, saw several whales breach the ocean surface during a boat tour. 'It's very exciting to be here, at the other part of the world, so far away from home,' she said. 'It's a very exciting and unforgettable moment.' Risskov Rejser has visited Greenland several times through her travel company for Danish travelers. But she is worried about the impact of a tourist invasion. 'For me, the worst thing would be if mass tourism starts and people come here, and sort of look upon the Greenland people as if they were a living museum,' she said. 'It has to be done in a respectful way and you have to consider what the consequences are.' ___ Stefanie Dazio in Berlin contributed to this report.
