Mercer has completed its acquisition of Fundhouse in the UK, a London-based provider of investment advisory and model portfolio services.
Mercer says the deal, which was announced in June, expands its UK wealth management reach and strengthens its capabilities, while Fundhouse and its clients will gain from Mercer’s nationwide footprint and global investment research.
Fundhouse, which was founded in 2010 by Rory Maguire, has £2.1 billion in assets under management and £10 billion in assets under advisement as of 1 May 2025. Maguire will remain in charge of the investment process and join Mercer alongside the existing senior leadership team.
The move follows last year’s acquisition of Cardano, which strengthened Mercer’s position in pensions across the UK and the Netherlands. That deal brought in Cardano’s UK DC master trust, Now:pensions, expanding the range of auto-enrolment and customised DC solutions for Mercer’s clients. More than 550 Cardano staff in London, Nottingham and Rotterdam also joined Mercer as part of the transaction.
Mercer CEO Benoit Hudon says: “Completion of this deal strengthens our proposition in the UK wealth management sector. It means we can use our combined capabilities to bring exciting new opportunities and ideas to our clients. We are delighted to welcome Fundhouse colleagues to Marsh McLennan.”
Fundhouse CEO and chief investment officer Rory Maguire says: “I am excited by the opportunities this deal brings. Together, with our combined focus on deep research and excellent client service, we can continue to provide our clients with fresh perspectives and excellent outcomes.”