Mercer Acquires $465 Million Colorado-Based Firm

Wealth Management Firm With CPA Perspective Adds To Mercer’s Colorado Presence
James Miller, Contributing Editor & Research Analyst, Wealth Solutions Report
James Miller, Contributing Editor & Research Analyst, Wealth Solutions Report

Denver-based Mercer Global Advisors announced the acquisition of fellow Denver-based Transitions Wealth Management (TWM), which serves over 400 clients with approximately $465 million in assets under management.

Founded in 1999 by Managing Partner Bruce R. Bendell, Partner Gary P. Saltzman and others, TWM now includes shareholders Michelle R. Sandt-Wade, Partner and Wealth Manager, and Michael G. Simmons, Partner and Wealth Advisor. Founded by accountants, the firm takes a CPA perspective in its work, with expertise in investments, law, insurance, tax and retirement planning.

Bruce R. Bendell, Managing Partner, Transitions Wealth Management
Bruce R. Bendell, Managing Partner, Transitions Wealth Management

Bendell said, “We knew we were at a crossroads of either building the infrastructure necessary to support further expansion, or, alternatively, joining a national firm that had already successfully crossed that Rubicon. After conducting an extensive search with our investment banker Advisor Growth Strategies, we found our right partner after meeting with David Barton.”

David Barton, Vice Chairman of Mercer, who leads the firm’s mergers and acquisitions team, said, “TWM stands out in a crowded RIA market. They are exactly the kind of people and business model we seek to partner with, making each of us better and stronger.”

David Welling, CEO, Mercer Global Advisors
David Welling, CEO, Mercer Global Advisors

“Their addition boosts our strength in Colorado where we have multiple offices, dozens of advisors, and Denver is home to our national headquarters. We are thrilled they are joining the Mercer Advisors team. We look forward to working together to deliver meaningful results for our shared clients,” said David Welling, CEO of Mercer.

Founded in 1985, Mercer manages over $50 billion in client assets and operates in 80 locations nationally as of Oct. 31, 2023. The firm is owned by Oak Hill Capital, Genstar Capital, Atlas Partners and over 300 employees. The investment by Atlas Partners was announced in June of last year. In April, the firm acquired $330 million Pennsylvania-based Andesa Financial Management and in July, it acquired $400 million Georgia-based Day & Ennis.

James Miller, Contributing Editor and Research Analyst at Wealth Solutions Report, can be reached at ContributingEd@wealthsolutionsreport.com.

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