Browsing: Commissions
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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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Aberdeen Projects £10 million Equity Research Payments From P&L
05/10/2017
In a recent earnings call, Aberdeen Asset Management, a UK asset manager with over £300 billion (US$390 billion) in assets under management, said it expects to spend £10 million (US$13 ...
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Henderson Global Investors Will Not Pay For Research From P&L
05/08/2017
In a recent earnings call, UK asset manager Henderson Global Investors said it would be funding research payments alongside commissions under forthcoming MiFID II regulation. Andrew Formica, Chief Executive, responded ...
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Research Unbundling: From the UK With Love
05/02/2017
The MiFID II rules designed to separate research payments from commission payments are the outgrowth of escalating regulatory concerns over bundled research payments, primarily rising from the UK. Origins The ...
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Europe’s Largest Asset Manager Will Use CSAs to Fund Research Payments Under MiFID II
04/21/2017
Europe’s largest asset manager, Amundi, indicated that it plans to fund research payments alongside stock transactions under the new research unbundling rules being imposed by MiFID II, according to an ...
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TABB: US Commissions Down, MiFID II Concerns Up
04/18/2017
US equity commissions fell 7.5% in 2016 according to industry consultant TABB Group’s latest buy-side survey. At the same time, the percentage of US asset managers anticipating an impact from ...