The Securities and Exchange Commission has indicated it will extend an exemption that allows US brokers to sell research to European fund managers under the EU’s Mifid II regime that came into force last year.
Rothschild & Co has made a minority investment in European agency broker and equities research specialist Redburn, as the firms looks to capitalise on the investment research fallout of MiFID II.
T Rowe Price, one of the world’s largest asset managers, has become the latest — and largest — fund manager to cover research costs globally in response to sweeping changes to the investment research business.
If you’ve ever flown on a discount airline—paying extra for everything from seat selection to a bottle of water—you have a pretty good idea how financial firms sell research these days.
Advisory firms are still struggling with the “feedback loop”: the product governance rule that requires distributors to report back to manufacturers with information on sales and negative target market information.