Transitions Wealth Management, LLC (Greenwood Village)

Name: Transitions Wealth Management, LLC
Address: 8101 E Prentice Avenue, Greenwood Village, CO, 80111 2935
Telephone: 303-221-4867

Transitions Wealth Management, LLC is a large advisory firm based in Greenwood Village. It manages $255.79 million of regulatory assets for 1,017 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Colorado.

Transitions Wealth Management provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Transitions Wealth Management: assets under management

The assets under management (AUM) of Transitions Wealth Management, LLC is $255.79 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 40% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $255.79 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $251.51 thousand each.

Transitions Wealth Management has custody of $8.21 million in cash and securities for 12 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment grade corporate bonds the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Transitions Wealth Management, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Transitions Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Transitions Wealth Management is high net worth individuals with 71 clients and $157.94 million of assets under management. Among the 7 most similar advisory firms, Transitions Wealth Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $255.79 million for 364 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Transitions Wealth Management doesn't advise any private funds.

Careers at Transitions Wealth Management, LLC

The company employs 7 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lawrence Lee Greenberg	Member	1 Nov 1998	Other	4370580
Richard Ira Negreann	Member	1 Nov 1998	Other	4370581
Gary Paul Saltzman	Member	1 Nov 1998	Other	4370582
Stephen Lynn Wenner	Manager	1 Nov 1998	Other	3227089
Bruce Richard Bendell	Cco/managing member	1 Jul 2000	Other	4370578
Josh David Lozow	Member	1 Aug 2002	Other	3024024

Based in Greenwood Village

The principal office where Transitions Wealth Management, LLC performs its advisory services is located at 8101 E Prentice Avenue, Greenwood Village, CO 80111 2935, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 303-221-4867 or by fax 720-379-4411. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at transitionswm.com.