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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
Joe Palmisano
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 of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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