Marsh McLennan’s Mercer to acquire Fundhouse
LONDON, 9 June 2025 – Mercer, a business of Marsh McLennan (NYSE: MMC) and a global leader in helping clients realize their investment objectives, shape the future of work and enhance health and retirement outcomes for their people, today announced that it reached an agreement to acquire the UK business of Fundhouse, a leading London-based provider of investment advisory and model portfolio services to financial advisers and institutional wealth investors. Fundhouse’s business in South Africa is not included in the transaction.
The acquisition will strengthen Mercer’s capabilities and expand its presence in the UK wealth management sector, while enabling Fundhouse’s clients to benefit from Mercer’s support, including access to Mercer’s UK-wide presence and breadth of global investment research.
Benoit Hudon, Mercer’s UK CEO, 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.”
Rory Maguire, Fundhouse’s CEO and Chief Investment Officer, 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.”
Founded in 2010 by Mr. Maguire, Fundhouse is an investment advisory firm with £2.1 billion assets under management and £10 billion assets under advisement as of 1 May 2025. Mr. Maguire will remain at the helm of Fundhouse’s investment process and will join Mercer, supported by the same Fundhouse senior leadership team as today.
The acquisition of Fundhouse is subject to regulatory approval and is expected to close in the third quarter of 2025.