Consultancy firm Mercer is to buy the UK business of Fundhouse as it looks to strengthen its presence in the wealth management market.
The London-based model portfolio service provider said it will allow it to bring “new and exciting” offerings to UK financial advisers.
Mercer, a business of Marsh McLennan, will not buy Fundhouse’s business in South Africa as part of the deal.
Current CEO and chief investment officer, Rory Maguire, is set to remain at the helm of Fundhouse’s investment process and will join Mercer supported by the same 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.”
The firm was founded in 2010 by Maguire and had £2.1bn of assets under management and £10bn of assets under advice at May 1, 2025.
Mercer said the deal will allow it to expand into the UK wealth management sector.
Benoit Hudon, Mercer’s UK CEO, added: “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.”
The deal is still subject to regulatory approval and is expected to be completed in third quarter of 2025.
tara.o’connor@ft.com
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