Morningstar completes £35m Praemium acquisition deal

The deal, first announced in December last year, will see Praemium's platform renamed as the Morningstar Wealth Platform. About 500 advisers currently use the service.  The deal also includes Wealthcraft, a full-service, end-to-end adviser practice management support tool, which includes digital factoring, engagement, and risk profiling.  "We are excited to welcome more than 100 new colleagues to Morningstar and expand our ability to offer advisers technology-enabled flexibility and choice," said Daniel Needham, president, Wealth Management Solutions, Morningstar. "The Wealth Platform...