On January 3, 2024, Mercer Global Advisors, Inc. announced that it acquired Transitions Wealth Management, LLC.
Mercer Global Advisors, Inc. (“Mercer”) announced on January 3, 2024 that it acquired Transitions Wealth Management, LLC (“Transitions”). The Transitions team led by co-founder Bruce R. Bendell, along with Michelle Sandt-Wade and Michael Simmons, will be joining Mercer. Further terms of the transaction were not disclosed.
Mercer, based in Denver, is a registered investment advisor that provides investment management and financial planning services. As of June 2023, Mercer had $50 billion assets under management.
Transitions, based in Denver, is a registered investment advisor offering a wide range of retirement, insurance, personal finance, estate, tax, and business planning services. As of December 2023, Transitions had $465 million in assets under management. Advisor Growth Strategies served as financial advisor to Transitions on the transaction.
To read the press release: please click here.