Mercer, a business of Marsh McLennan, has agreed to acquire the UK operations of Fundhouse for an undisclosed sum.

Headquartered in London, Fundhouse offers investment advisory and model portfolio services for financial advisers and institutional wealth investors.

The deal awaits regulatory approval and is slated for completion in the third quarter of this year.

The transaction excludes Fundhouse’s South Africa operations.

In a statement, Mercer said the deal will bolster its capabilities in the UK wealth management industry and provide Fundhouse clients with access to Mercer’s UK-wide reach and global investment research resources.

Mercer UK CEO Benoit Hudon said: “This deal will allow us to use our combined strengths and resources to bring new, exciting ideas and investment opportunities to financial advisors and wealth managers in the UK.

“We look forward to working with the Fundhouse team and welcoming them to Mercer.”

Fundhouse, established in 2010 by CEO and chief investment officer Rory Maguire, managed £2.1bn ($2.84bn) in assets and advised on £10bn ($13.5bn) as of 1 May 2025.

Maguire will continue to lead Fundhouse’s investment process and move to Mercer, supported by the existing Fundhouse senior leadership team.

Maguire said: “In our new home at Mercer, we are aligning with a firm that shares our founding principles of deep fund research and excellent client service.

“The Fundhouse team is excited to continue doing what we do best – providing our clients with founder-led investment consulting and model portfolios – all strengthened by Mercer’s resources and capabilities.”

Last month, Mizuho Financial Group partnered with Mercer Japan and Mercer Investments (Japan) to offer outsourced chief investment officer (OCIO) services in Japan.

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