DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

Transitions Wealth Management, LLC

Former SEC-registered adviserDenver, ColoradoCRD 107812SEC 801-61992IAPD
Latest filing Mar 26, 2024
First filing on the tape Nov 17, 2011 · 29 filings
RAUM
$478M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
95%
$452M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
7
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$478M as of Mar 26, 2024
Mar 8, 2012$182M then
HNW client RAUM$385M as of Mar 26, 2024
Mar 27, 2018$113M then
State-registered IARs (5.B.3)5 as of Mar 26, 2024
Mar 8, 20120 then
Employees (5.A)7 as of Mar 26, 2024
Feb 13, 201310 then
Private funds: no history
RAUM +22% over the last fiscal year+11% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Mar 26, 2024; every figure names its basis
RAUM per advisor
$95.7MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
83derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.4MderivedHNW RAUM over HNW clients
Average account
$1.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
5.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.4derivedItem 5.A over advisors
Advisors per office
5.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+22%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+8.7%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$385M80%
  • Individuals$67.4M14%
  • Pension and profit-sharing plans$23.6M4.9%
  • Charitable organizations$2.4M0.5%
Individual clients
254reported
HNW clients
159reported
Pension plan clients
8reported
Charitable clients
3reported
Accounts
414reported
Financial planning clients
101-250reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Richard Bruce Bendell · Cco/Managing Membercontrol
      since 07/2000 · owns less than 5%
    • Paul Gary Saltzman · Membercontrol
      since 11/1998 · owns less than 5%
    • Ruth Michelle Sandt-Wade · Member
      since 01/2020 · owns less than 5%
    • Gene Michael Simmons · Member
      since 01/2019 · owns less than 5%
    Entity owners
    • Mercer Global Advisors Inc. · Parent Company
      direct · owns 75% or more
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Denver, Co · principal000
    Greenwood Village, Co000
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 391 to 414
      Jan 29, 2024 to Mar 26, 2024
    • Advisory activities · 5 to 3
      Jan 29, 2024 to Mar 26, 2024
    • HNW clients · 138 to 159
      Jan 29, 2024 to Mar 26, 2024
    • Individual clients · 242 to 254
      Jan 29, 2024 to Mar 26, 2024
    • Assets in custody · 4364550.0 to unset
      Jan 29, 2024 to Mar 26, 2024
    • Custody of client assets · true to false
      Jan 29, 2024 to Mar 26, 2024
    • Discretionary RAUM · $392M to $478M
      Jan 29, 2024 to Mar 26, 2024
    • HNW RAUM · $302M to $385M
      Jan 29, 2024 to Mar 26, 2024
    • Individual RAUM · $60.3M to $67.4M
      Jan 29, 2024 to Mar 26, 2024
    • Pension RAUM · $21.2M to $23.6M
      Jan 29, 2024 to Mar 26, 2024
    • RAUM · $392M to $478M
      Jan 29, 2024 to Mar 26, 2024
    • Accounts · 378 to 391
      Jun 27, 2022 to Mar 2, 2023
    • HNW clients · 133 to 138
      Jun 27, 2022 to Mar 2, 2023
    • Individual clients · 235 to 242
      Jun 27, 2022 to Mar 2, 2023
    • Pension plan clients · 7 to 8
      Jun 27, 2022 to Mar 2, 2023
    • Assets in custody · $7.5M to $4.4M
      Jun 27, 2022 to Mar 2, 2023
    • Employees · 6 to 7
      Jun 27, 2022 to Mar 2, 2023
    • Discretionary RAUM · $423M to $392M
      Jun 27, 2022 to Mar 2, 2023
    • HNW RAUM · $322M to $302M
      Jun 27, 2022 to Mar 2, 2023
    • Individual RAUM · $66.4M to $60.3M
      Jun 27, 2022 to Mar 2, 2023
    • Pension RAUM · $24.8M to $21.2M
      Jun 27, 2022 to Mar 2, 2023
    • RAUM · $423M to $392M
      Jun 27, 2022 to Mar 2, 2023
    • Accounts · 370 to 378
      May 24, 2021 to Mar 2, 2022
    • HNW clients · 92 to 133
      May 24, 2021 to Mar 2, 2022
    • Individual clients · 268 to 235
      May 24, 2021 to Mar 2, 2022
    • Assets in custody · $6.9M to $7.5M
      May 24, 2021 to Mar 2, 2022
    • Discretionary RAUM · $348M to $423M
      May 24, 2021 to Mar 2, 2022
    • HNW RAUM · $237M to $322M
      May 24, 2021 to Mar 2, 2022
    • Individual RAUM · $80.8M to $66.4M
      May 24, 2021 to Mar 2, 2022
    • Pension RAUM · $21.9M to $24.8M
      May 24, 2021 to Mar 2, 2022
    • RAUM · $348M to $423M
      May 24, 2021 to Mar 2, 2022
    • Accounts · 1,063 to 370
      Jun 28, 2020 to Mar 2, 2021
    • Advisory employees · 4 to 5
      Jun 28, 2020 to Mar 2, 2021
    • Charity clients · 4 to 3
      Jun 28, 2020 to Mar 2, 2021
    • HNW clients · 83 to 92
      Jun 28, 2020 to Mar 2, 2021
    • Individual clients · 273 to 268
      Jun 28, 2020 to Mar 2, 2021
    • Assets in custody · $7.6M to $6.9M
      Jun 28, 2020 to Mar 2, 2021
    • Employees · 5 to 6
      Jun 28, 2020 to Mar 2, 2021
    • Financial planning clients · 51-100 to 101-250
      Jun 28, 2020 to Mar 2, 2021
    • State-registered IARs · 4 to 5
      Jun 28, 2020 to Mar 2, 2021
    Signals
    7 dated events
    • Michael Gene Simmons left Transitions Wealth Management, Llc for Mercer Global Advisors Inc. (registered 2024-01-12)
      Aug 9, 2024 · Advisor changed firm · fact
    • Michelle Ruth Sandt-Wade left Transitions Wealth Management, Llc for Mercer Global Advisors Inc. (registered 2024-01-11)
      Aug 9, 2024 · Advisor changed firm · fact
    • Charles Bradford Wetmore left Transitions Wealth Management, Llc for Mercer Global Advisors Inc. (registered 2024-01-10)
      Aug 9, 2024 · Advisor changed firm · fact
    • Adam F Oliver left Transitions Wealth Management, Llc for Mercer Global Advisors Inc. (registered 2024-01-11)
      Aug 9, 2024 · Advisor changed firm · fact
    • Bruce Richard Bendell left Transitions Wealth Management, Llc for Mercer Global Advisors Inc. (registered 2024-01-22)
      Aug 9, 2024 · Advisor changed firm · fact
    • Transitions Wealth Management, LLC's advisors moved to Mercer Global Advisors Inc. (Denver, CO): 5 of 5 registered, on the same day
      Aug 9, 2024 · Firm absorbed (people side) · derived
    • Ira Richard Negreann (Member) no longer on Schedule A of Transitions Wealth Management, Llc (listed 2020-06-28, absent 2021-03-02)
      Mar 2, 2021 · Control person left · inference
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026