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Direct Investment  + Financial Advisory  + M&As  + RIAs & Financial Advisors  + Wealth Management  |  January 8, 2024
Mercer Advisors Kicks Off 2024 with Purchase of $465M Denver Wealth Manager
By: Joe Palmisano

Mercer Advisors Kicks Off 2024 with Purchase of $465M Denver Wealth Manager 

Mercer Advisors Inc., a registered investment advisor backed by private equity firms Oak Hill Capital, Genstar Capital and Atlas Partners, has acquired Transitions Wealth Management (TWM) LLC, a Denver, CO-based firm with about $465 million in assets. 

TWM was founded in 1999 by Bruce Bendell and Gary Saltzman, who were later joined by Michelle Sandt-Wade and Michael Simmons. The firm caters to over 400 clients. 

“We believe in providing holistic and comprehensive financial planning for our clients by addressing their financial needs. Our commitment to that high level service has fueled our rapid growth in Colorado and beyond,” said Bendell, TWM managing partner. 

The acquisition follows a busy buying spree in the second half of 2023, including $495 million Florida-based RIA Paragon Wealth Strategies in December, $630 million North Carolina family office Kingfisher Capital in October, and $680 million Dallas,TX-based RIA Steward Wealth Management. 

Mercer Advisors, which is also headquartered in Denver, manages over $50 billion in client assets. 

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Mercer AdvisorsTransitions Wealth Management

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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