The Ohio-based investment advisory and portfolio management group will boost both its assets and its footprint with the deal.

Fund Evaluation Group has agreed to acquire Larry Thompson & Associates, a Texas-based investment consulting firm, for an undisclosed sum.

Following the acquisition, FEG’s assets under advisement will rise from around $53 billion to $58 billion. In addition, the group will extend its footprint to Texas. It will have four office locations including its headquarters in Cincinnati, Ohio; Indianapolis, Indiana; Detroit, Michigan; and Dallas, Texas.

Both firms have experience working with and family offices and non-profit organizations.

“Having a physical location and seasoned team in such a vibrant market provides significant opportunities for our combined firms. This acquisition supports FEG’s strategic plan for growth and position as a leading independent consulting and advisory firm,” said Scott Harsh, president and chief exectuive of FEG.