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Morningstar Wealth Platform (Formerly Praemium)
Willingness to recommend
3.89/5
About the provider
Morningstar Wealth Platform's integrated Managed Accounts platform provides a unique wealth management opportunity for investors and advisers. Facilitating managed accounts on the one integrated platform enables advisers to tailor solutions to a variety of client needs while delivering significant back-office efficiencies to their advice businesses. Coupled with the scale efficiencies of Morningstar Wealth Platform’s market leading platform, advisers can provide more value for clients and have more clients to value. Investment managers on the Morningstar Wealth Platform are able to include direct equities, listed securities, managed funds, cash and bonds when constructing/managing their portfolios.
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Ownership:
Morningstar acquired Praemium in June 2022
AUM:
£3.9 bn as at 30th September 2023
Partnerships:
Proprietary
NextWealth analysis
Morningstar Wealth Platform is a niche player with a compelling and flexible investment architecture. They are among the fastest growing in assets, though from a relatively small base. They are getting some traction offering tailored platforms to larger firms that want deep integrations into back office and portfolio management systems. Morningstar Wealth Platform is a favourite among DFMs. They recently introduced API links and trade matching to make it easier for DFMs to run portfolios on the platform. However, DFMs don't carry much influence on platform choice. The next crucial step for Morningstar Wealth Platform is to spread the word among financial planners. This year they didn’t meet the minimum number of 20 reviews required to be rated (From a survey of over 700 financial advice professionals)
Integrations
Based on 19 reviews
3.89/5
Integrates One Way
Integrates Both Ways
Avelo
Durell Software
intelliflo office (intelliflo)
Plum Software (a Morningstar company)
No integrations available for Cash Management
No integrations available for Cashflow Modelling
No integrations available for Client Portal
BlueSpeck
True Potential
Wealthcraft
No integrations available for Research
No integrations available for Risk profiling and suitability
Reviews
Willingness to recommend
Integrations
Value for money
Service
No comment left by user
Anonymous
September 2023
Willingness to recommend
Integrations
Value for money
Service
No comment left by user
Anonymous
September 2023
Willingness to recommend
Integrations
Value for money
Service
No comment left by user
Anonymous
September 2023
