Increasing levels of regulation within the asset and wealth management industry may push wholesale investors more towards passive products as a result of greater scrutiny of underlying portfolio costs, according to new research undertaken by KPMG and commissioned by BlackRock.
A survey of over 130 UK financial advisers, wealth managers and private bankers undertaken by KPMG and commissioned by BlackRock found 55% of respondents said regulation would be one of the critical drivers of change in the wealth industry over the next 12-24 months. In particular, respondents said MiFID II, which is expected to lead to greater price transparency, would have a "far-reaching impact on their business". MiFID II: Firms can expect 'degree of flexibility' on complex issues but should not fall behind on the basics "Many feel the regulation will lead to increasing price t...
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