Mercer has been one of the largest acquirers of wealth management firms in the North American market.

MercerGlobal Advisors, a national Registered Investment Advisor (RIA), has just acquired Transitions Wealth Management (TWM), continuing its run of M&A transactions. The financial terms of the transaction were not disclosed.

Denver, Colorado-based TWM was founded in 1999 by Bruce R Bendell and Gary P Saltzman, among others. The firm serves over 400 clients with assets under management of about $465 million.

TVM’s expertise in investments, law, tax, insurance, and retirement planning enables it to provide strong wealth management services, Mercer said in a statement yesterday. TWM helps clients to mitigate tax, manage cash flow, optimize insurance coverage, review or establish estate planning, and ensure charitable gifts have the maximum impact.

This continues a run of acquisitions by Mercer. The previous acquisition – in December – was the purchase of Middleton Financial Management, a business operating as Brighton Financial Planning. Mercer also acquired Paragon Wealth Strategies last December, a business based in Jacksonville, Florida. See more coverage here and here.

“TWM 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,” David Barton, founder of Mercer Advisors’ in-house family office business model, said. 

“Their addition boosts our strength in Colorado where we have multiple offices, dozens of advisors, and Denver is home to our national headquarters. We look forward to working together to deliver meaningful results for our shared clients,” Dave Welling, CEO of Mercer Advisors, added. 

Mercer Advisors operates nationally through 80 locations across the country, managing over $50 billion in client assets.