RIA Mercer Advisors has announced its acquisition of Transitions Wealth Management (TWM).
Transitions is located in Denver, Colorado and serves over 400 clients with assets under management of around $465m.
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In addition, the firm was founded by a team of accountants to provide wealth management services. It works closely with clients to reduce tax burdens, manage cash flows, optimise insurance coverage, review estate planning, and help ensure philanthropy has more impact.
Bruce Bendell, CPA/PFS, and managing partner said: “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. That said, and to take the next appropriate steps to expand and institutionalise our business, 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, Vice Chairman who heads up mergers and acquisitions for Mercer Advisors, and other Mercer Advisors personnel. David Barton, founder of Mercer Advisors’ in-house family office business model, said it best: ‘Mercer Advisors seeks to provide a Mayo Clinic approach to financial care by having a panoply of different specialists working together under one-roof, as one team, in an effort to provide outsized results for our clients.’ That is exactly our business model and level of care that we provide to our local clientele, but Mercer Advisors does it on a national level. The ‘fit’ couldn’t be better and we are thrilled to be joining the Mercer Advisors team.”
David Barton stated: “Bruce, Michelle Sandt-Wade, CFP®, and Michael Simmons, CFP®, have built a high-quality comprehensive wealth management firm with a great reputation driven by their high integrity, deep bench of talent, and their commitment to serving their clients with excellence. Transitions 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.”
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By GlobalDataDave Welling, chief executive officer of Mercer Advisors, added: “TWM is a respected RIA, led by Bruce, Michelle and Gary, highly qualified professionals who are supported by a great team. Their addition boosts our strength in Colorado where we have multiple offices, dozens of advisers, 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.”
Only in December 2023, Paragon Wealth Strategies was acquired by Mercer Global Advisors.
Based in Jacksonville, Florida, Paragon is a full-service wealth management company. In 2008, Jonathan Castle, MSFS, CFP, and Michelle Ash, MSFS, CFP, managing partners, started the company.
After joining Paragon as shareholders, Scott Snider, CFP, RICP, and Ian Aquilar, MBA, CFP, completed the team of highly qualified professionals who served over 400 clients with $495m in assets under management (AuM).
