Mercer Global Advisors, Inc., a national RIA, has acquired Precipio Wealth Management LLC, a wealth management firm based out of Virginia.

Precipio serves clients across 19 states with around $250 million in assets under management. The firm delivers comprehensive financial planning and portfolio management to a range of clients including high-net-worth individuals, families, trusts and retirement plans.

“In our meetings with Dave Barton and other management, it was very important to us that we find a partner that reflected our values, and it was clear we all shared a deep commitment to the fiduciary model and putting clients’ interests first,” said Precipio co-founder Katherine Parrish.

“This business combination is a win for both parties, the clients, and staff, — bedrock for any successful transaction,” added Dave Barton, vice chairman at Mercer.