RIA aggregator Mercer Global Advisors has snapped up Texas-based Republic Wealth Advisors to bolster its presence in the state.

Established in 2001, Republic Wealth Advisors offers customisable investment management and wealth management advice services.

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Primarily located in Houston, Republic also operates two satellite offices in Austin, Texas and Bartlesville, Oklahoma. The company serves nearly 190 households.

The acquisition adds around $230m assets under management (AUM) to Mercer Global Advisors’ books. All Republic staff will also join Mercer Global Advisors as part of the deal.

Mercer Advisors CEO Dave Welling said: “We are delighted to join forces with the Republic team and look forward to serving their clients with expanded wealth management services.

“We are also excited to expand our presence in both Houston and Austin.”

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In Texas, Mercer Advisors already has offices at Houston, Austin, and Dallas.

Mercer Advisors vice-chairman David Barton said: “Republic has been helping individuals and families on the journey to financial independence since its founding in 2001, and like Mercer Advisors they always put their clients’ interests first – bedrock for any successful transaction.

“While the Republic deal was very competitive and went through a thorough process, our value proposition separated us from the competition.”

Established in 1985, Mercer Global Advisors is privately held wealth management firm with 46 offices in the US.

The company has been on an acquisition spree this year. Its recent deals include AL Hewitt, Sage Future Financial, Physicians Financial Advisors and Adam Financial Associates.