Wealth management tech services provider FinoComp has launched a new tool to overcome difficulties associated with MiFID II's costs and charges requirements.
MiFID II requires firms to provide clients with an estimation of costs in the form of an 'Ex-Ante' disclosure, as well as an annual statement for the costs and charges over client's portfolio in the form of an Ex-Post disclosure. MiFID II: Firms can expect 'degree of flexibility' on complex issues but should not fall behind on the basics The information provided needs to make clear the effect of overall costs and charges on the return of the investment for a client's portfolio, breaking down fone off charges, ongoing charges, transaction related charges and any incidental costs associ...
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