Morningstar buys Praemium UK and International business for £35m

UK and Jersey businesses

Tom Ellis
clock • 2 min read

Morningstar has bought UK and international platform Praemium for £35m, subject to regulatory approval.

The platform is used by less than 500 financial advisers, which Praemium said receive "proprietary, friction-free" technology and services that helps fee-based to "outsource key elements" of their workflow.  The firms said they would work together to ensure "a smooth transition for customers and employees". The firms said they expected the deal to complete in Q2 or Q3 of 2022 once it receives approval from UK and Jersey regulators. Daniel Needham, president of wealth management solutions for Morningstar, said: "Technology is playing a larger role in everyone's lives and expectations f...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Technology

FCA reveals first group of financial firms to take part in AI testing

FCA reveals first group of financial firms to take part in AI testing

To deploy ‘safe and responsible’ AI

Cristian Angeloni
clock 03 December 2025 • 1 min read
Providers have 'clear role' to help advice firms with AI governance support

Providers have 'clear role' to help advice firms with AI governance support

Less than 5% of advisers have a full AI policy

Isabel Baxter
clock 02 December 2025 • 3 min read

Fighting financial fraud requires cutting-edge tech – and more besides

'Financial fraud has come a long way since Bruce Wayne's day'

Steve Andrews
clock 28 November 2025 • 4 min read