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Mercer Advisors CEO Dave Welling

Industry Spotlight > Mergers and Acquisitions

Mercer Advisors Buys Colorado Wealth Firm

By Janet Levaux

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Mercer Advisors says it has bought Transitions Wealth Management, a Denver-based RIA that serves some 400 clients with $465 million of assets. 

TWM was founded in 1999 by a team of accountants including Bruce R. Bendell and Gary P. Saltzman. Later, Michelle R. Sandt-Wade, CFP, and Michael G. Simmons, CFP, joined them. 

“TWM is a respected RIA, led by … highly qualified professionals who are supported by a great team. Their addition boosts our strength in Colorado where we have multiple offices, dozens of advisors, and Denver is home to our national headquarters,” said Mercer Advisors CEO Dave Welling in a statement. 

See: RIA Model Is at the ‘Tipping Point:’ Mercer Advisors’ Welling

Mercer has roughly 80 locations nationwide and manages over $50 billion in client assets. It is majority owned by Oak Hill Capital, Genstar Capital and Altas Partners. 

TWM recently found itself “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,” according to Bandell.

“After conducting an extensive search with our investment banker Advisor Growth Strategies, we found our right partner after meeting with David Barton, … who heads up mergers and acquisitions for Mercer Advisors, and other Mercer Advisors personnel,” he added.

(Pictured: Dave Welling)

Janet Levaux

@Think_JanetL

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