Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Barings becomes latest firm to absorb research costs

Barings becomes latest firm to absorb research costs

Barings has announced it will absorb external investment research costs when Mifid II comes into effect in January 2018.

The firm's global head of equities, Ghadir Abu Leil-Cooper said that over the past few years the firm made significant investments in expanding its own comprehensive in-house research capabilities and reducing third-party research costs.

She said: 'While we will continue to utilise select external research where it benefits our clients, the decision to absorb those costs is a logical step in strengthening our partnerships with our clients.'

Chairman and chief executive Tom Finke added: 'Our decision to absorb the costs for third-party research reflects our overarching goal of advancing partnership and putting our clients’ interests first.'

Brokers, banks and securities trading firms which fall under the scope of the new regulation, will have to invoice separately for the analysis and research they provide to clients.

Barings is the latest in a series of asset managers, such as Aviva, Jupiter Asset Management, JP Morgan Asset Management and Allianz Global Investors, that have announced they will absorb these costs.

 

 

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play French fund CEOs: 'Brexit is a lose-lose situation for all of us'

French fund CEOs: 'Brexit is a lose-lose situation for all of us'

'We'll all lose out - but London is an international city, Paris is not.' Leading French asset management CEOs tell us what they think Brexit will mean for the investment business.

Play Mark Barnett - part 2: why I'm not buying Lloyds

Mark Barnett - part 2: why I'm not buying Lloyds

In the second part of our exclusive video interview, Barnett explains why he has no intention of buying Lloyds, and where he sees the greatest income opportunities.

Play Wealth managers reveal the best investment ideas of the year

Wealth managers reveal the best investment ideas of the year

From robotics to impact investing, wealth managers share the best ideas they have heard this year.

Read More
Wealth Manager on Twitter