Discretionary fund managers (DFMs) need to considerably up their game on transparency if they are to meet the ongoing trend for advisers to outsource investment decisions and the regulatory demand from Mifid II, research has found.
Despite seeing higher redemptions, Premier Asset Management grew its assets under management (AUM) beyond the £6bn mark over the year.
Liontrust has warned investors to expect up to a £1.5m hit to revenues from its decision to absorb research costs under incoming Mifid II regulation.
Most asset managers will offer ETFs in the next five years, according to two-thirds of respondents to an EY survey.
More than half (53%) of European investment professionals expect firms to absorb the cost of research under Mifid II regulations, according to a survey by the CFA Institute.
There is “no excuse” for firms that fail to prepare for Mifid II before January, according to SCM Direct founders Alan and Gina Miller who have launched a “fully compliant” service of their own.
Mifid II rules on payment for research could extend to sales and trading roles, the Financial Conduct Authority (FCA) has warned.
Mifid II will force asset managers to cull outdated funds that are no longer providing value to investors, according to Morningstar.
Thesis Asset Management has kicked off its growth plans with the acquisition of discretionary investment firm, Cambridge Fund Managers.
Mifid II is viewed by many as complicated, opaque and onerous to implement, not to mention costly, but once the heavy lifting has been done does the industry stand to benefit from the new regulatory regime?
The Securities and Exchange Commission (SEC) has announced that UK investment firms will be able to temporarily access research from the US post-Mifid II.
Research unbundling could lead to widespread job losses for analysts in a post-Mifid world according to research by Capital Access Group (CAG).
