Mercer, a Marsh McLennan business, has reached an agreement to acquire the UK investment advisory firm Fundhouse for an undisclosed amount.

Fundhouse’s business in South Africa is not included in the transaction.

The deal is expected to strengthen Mercer’s capabilities and expand its presence in the UK wealth management sector.

It will also provide Fundhouse’s clients with access to Mercer’s extensive resources and investment research.

Rory Maguire, the founder of Fundhouse, will continue to lead the investment process and will join Mercer, along with the current Fundhouse senior leadership team.

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

Commenting on the deal, 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.”

Hudon said Mercer “looks forward” to working with the Fundhouse team and welcoming them to Mercer.

Adding to this, Fundhouse CEO and chief investment officer, Rory 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.”

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