Browsing: Commissions

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SEC Issues Warning on Best Execution and Soft Dollars

07/16/2018
The SEC’s inspections unit issued a ‘Risk Alert’ summarizing the most common deficiencies pertaining to best execution and soft dollars that its staff has cited in the wake of investment ...
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Commission Rate Declines Owe More To Technology Than Regulation

06/05/2018
The Financial Times article blared “Banks and brokers suffer ‘dramatic’ fall in commissions” crediting MiFID II with saving money for asset owners, but the reality is more nuanced.  Our analysis ...
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US Equity Commissions Fell 9% According To Latest Greenwich Survey

05/31/2018
US equity commissions fell 8.9% for the 12 months ended mid-February 2018, according to the latest Greenwich Associates’ US Equity Investors survey.  Commissions fell to an estimated $7.65 billion from ...
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Research Funding Roundup: Robeco and Kempen Will Pay For Research From P&L But Invesco and BNP Paribas Will Not

07/20/2017
BNP Paribas Asset Management, which oversees €580 billion ($672 billion), and Invesco, which manages $859 billion, have announced they will fund research payments alongside commissions, while Dutch managers Robeco, with ...
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Man Group Will Not Pay For Research From P&L

07/18/2017
Man Group, the world’s largest publicly traded hedge fund group with assets under management of $88 billion, indicated it will continue to fund research alongside client commissions during an earnings ...
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Most US Money Managers Not Subject to MiFID II & May Continue to Use Soft Dollars

07/17/2017
The following is a guest article by Lee Pickard, Will Edick, and Kristen Hutchens, lawyers at Pickard Djinis and Pisarri LLP which has previously obtained U.S. no-action relief relating to Section ...
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Greenwich: RBC Widens Research Lead in Canada

07/05/2017
RBC Capital Markets has increased its already significant lead in the Canadian equity research space according to a new survey by Greenwich Associates.  Unlike the US, Canadian commission volumes were ...
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US Equity Commissions Fell 13% According To Latest Greenwich Survey

06/30/2017
US equity commissions fell 13% for the 12 months ended mid-February 2017, according to the latest Greenwich Associates’ US Equity Investors survey.  Commissions fell to an estimated $8.4 billion from ...
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Germany’s Third Largest Asset Manager Will Not Pay For Research From P&L

06/21/2017
Union Asset Management, with €310 billion (US$345 billion) in assets under management, said it was unlikely to pay for research costs under new MiFID II research unbundling rules going into ...
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RBC Enters RPA Administration Partnering With Commcise

06/07/2017
 Royal Bank of Canada is the first investment bank to administer research payment accounts (RPAs) under MiFID II while announcing an alliance with commission management software provider Commcise.  Up until ...
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