A Houston-based wealth management firm with about $230 million in assets under management is the latest acquisition for Mercer Advisors, according to a company release.

Republic Wealth Advisors LLC, which has satellite offices in Austin, Texas, and Bartlesville, Okla., was founded in 2001 and is co-owned by Frederick M. Hanish, Kenneth J. Landgraf, and David H. Levy.

The firm, which serves about 190 households, is fee-only and offers customizable investment management and wealth management advice for individuals, families. It will add to Mercer Advisors' already strong presence in Texas with existing Mercer offices in Houston, Austin and Dallas, the release said.

Hanish, who authored the book "Three Generations from the Outhouse," and wrote the forward for "The Wealth Management Edge: Unlocking the Wealth Management Secrets of America's Most Successful Families, said Republic had reached a point where succession planning and business continuity for clientele was a primary focus.

“The questions that had to be answered for us in finding the right partner was first, is this new partner good for our clients—will it add value to them? Second, is this good for our staff? And third, is this partner right for the co-owners of Republic? While we danced with a lot of interested parties, at the end of the day Mercer Advisors answered each of these three questions positively for us and they won our hearts and minds,” he said in a prepared statement.

The Republic staff, including Patrick T. Moore, senior client advisor, will also be joining the Mercer Advisors team.

“Adding Fred, Kenny, David and Pat to our existing array of advisors builds out our already deep bench of talent and surrounds the Republic team with new resources and capabilities to further their success and growth," Mercer CEO Dave Welling said

Established in 1985, Denver-based Mercer Advisors is a parent company of Mercer Global Advisors Inc., an RIA majority owned by Oak Hill Capital and Genstar Capital.