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Morningstar Wealth Platform (Formerly Praemium)

Willingness to recommend

3.89/5

Integrations

3.89/5

Value for money

4.26/5

Service

4.21/5
Based on 19 reviews

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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)

 

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Integrations

Based on 19 reviews
3.89/5

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Integrates One Way

Integrates Both Ways

Back Office Systems
Cash Management
Cashflow Modelling
Client Portal
Other
Research
Risk profiling and suitability

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

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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

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