Morningstar completes £35m Praemium acquisition deal

UK and international businesses

Jenna Brown
clock • 1 min read
Mark Sanderson: "We are excited to have found a home with a long-term vision and commitment to our best-in-class platform experience."
Image:

Mark Sanderson: "We are excited to have found a home with a long-term vision and commitment to our best-in-class platform experience."

Morningstar has completed its acquisition of Praemium’s operations in the UK, Jersey, Hong Kong, and Dubai in a deal valued at £35m.  

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 We...

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