Morningstar sets up wealth management solutions arm
Several months after it bought Praemium’s UK and international business
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Several months after it bought Praemium’s UK and international business
Morningstar Inc. said it was launching a new business unit to tighten its focus on wealth management that combines several existing functions.
/PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today announced the creation of a new business unit...
Acquisitions can go either way with share price. For Charter Hall, it was down, for Flight Centre it was up.
Praemium has agreed to sell its international business to Morningstar for £35 million (A$65.1 million).