MiFID II research rules: What will be consequences for end investors?

Gary Sunderland, head of equity research at Rowan Dartington, says asset managers with the largest purses will be stronger than ever under the new regime.

Greater transparency of investment research costs is part of sweeping changes in the form of MiFID II, which will be in force from early 2018. In terms of transparency of the cost of investment research, many companies trying to stay ahead of peers are already implementing their new charging regime, or proposing their dates and details at least. This could cause many broker research firms to falter, as they will need to be held in a certain high regard to garner the interest of the new budgets and constraints that will be prevalent on the buy-side. Some of the prices being quoted at p...