Mercer has reached an agreement to acquire the UK business of investment advisory and model portfolio services provider Fundhouse.

London-based Fundhouse provides services to financial advisers and institutional wealth investors, with Mercer stating that the acquisition would strengthen its capabilities and presence in the UK wealth management sector.

The deal, which does not include Fundhouse’s South African business, will see the firm’s clients gain access to Mercer’s support, including its UK-wide presence and global investment research.

Fundhouse was founded in 2010 by Rory Maguire and has £2.1bn of assets under management and £10bn in assets under advice, as at 1 May 2025.

Maguire will remain at the head of Fundhouse’s investment process and will join Mercer, supported by the same Fundhouse senior leadership team.

The acquisition is subject to regulatory approval and is expected to complete in the third quarter of 2025.

Commenting on the agreement, 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 advisers and wealth managers in the UK.

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

Fundhouse CEO and chief investment officer, Rory Maguire, stated: “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.”

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