View more on these topics

Praemium acquires Plum Software for £1m

Praemium has acquired software provider Plum Software for a cash consideration of £1m.

Praemium, a provider of investment platforms and portfolio administration, says the acquisition will strengthen its UK presence.

Plum Software provides front and back office software to financial advice firms.

Praemium says consideration for the transaction is £1m in cash plus the issue of 7.5 million fully paid ordinary shares in Praemium.

It says all Plum Software staff will be retained following the deal.

Praemium chief executive Michael Ohanessian says: “Plum’s expertise in fund valuation, remuneration computation and compliance monitoring and reporting is an especially compelling proposition when combined with our financial planning tools and separately managed account technology.”

Plum managing Director Ann Dempster says: “By working together with Praemium we will be able to enhance and expand the Plum system for all of our existing and new clients.”



The Technical Quiz: 5 March

To help you to keep up with the fundamentals of tax, retirement and financial planning, try answering these questions.

FCA interior 620x430

FCA and DWP publish call for evidence on pension charges

The FCA and the Department for Work and Pensions have published a joint call for evidence on the disclosure of transaction costs for workplace pension schemes. From April, Independent Governance Committees and pension scheme trustees will be required to report annually on the costs and charges involved in managing and investing the pension pots of […]


MM leader: Is the next wave of clients young and female?

Nothing divides a room quite like the differences between men and women. Throw discussions about money into the mix, and it makes for at best an awkward conversation, or at worst, an abundance of gender stereotypes and prejudices. A body of evidence is building which suggests women are set to take over from men in […]

Global equities: time to de-risk?

While equity valuations have doubled since the financial crisis, Simon Edelsten explains that there are still pockets of value. But not where you might think Macro-economic uncertainty is causing turbulence in equity markets. Artemis Global Select Fund manager Simon Edelsten says his investment themes are taking him in a different direction to some of his peers – away […]


News and expert analysis straight to your inbox

Sign up


There are 5 comments at the moment, we would love to hear your opinion too.

  1. Speaking from personal experience and especially from a compliance stand point this is not compelling at all. Praemium should have spent much more a invested in a decent web based system. Plum is archaic so maybe they buying the client list to migrate onto another back office.

  2. Incompetent Regulators 4th March 2015 at 5:16 pm

    I had Plum once, thank god I got rid of it. Rubbish software with aggressive MD!

  3. Roland Rawicz-Szczerbo 5th March 2015 at 4:10 pm

    Congratulations Ann and good luck with Praemium.


  4. Well done Ann, probably a good deal for the Plum staff & management, their users and Praemium. Brings more resource to develop the software and a good opportunity for Praemium to offer services to Plum customers.

  5. Ian’s comment has a superfluous ‘S’ in the word ‘services’. Amazing that Plum still in business with the incumbent MD and even more amazing that someone should want to buy it let alone use the software – just goes to show that there’s a very low bar in ‘Fintech’.

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm