PE-backed Mercer Advisors acquires Precipio Wealth Management
Mercer Global Advisors (Mercer Advisors), a national Registered Investment Adviser (RIA), has acquired Precipio Wealth Management (Precipio), a wealth management firm located in McLean, Virginia. Precipio serves clients in 19 states with assets under management (AUM) of approximately USD250 million. Precipio was founded as a fee-only RIA in 2009 by