Archive

• Transparent Alignment in Investment Research: From Unbundling to Relational Contracting – With Stanford University

  18 July 2018

  Unbundling fees for financial services – e.g., separating payments for third-party research from commissions for trade execution – is in the long-term best interests of institutional asset owners**: it can increase both transparency and alignment with intermediaries, such as external asset managers. Yet how unbundling takes place can be a major determinant of when its benefits for asset owners are realized…

• Tabb Forum: BNP Asset Management's MiFID II Research Budget Transparency: A Global Competitive Challenge?

  24 July 2017

  BNP Asset Management’s decision to release MiFID II research budgets to all of its global clients, not just those covered by MiFID II, may be a competitive inflection point for the industry…

• MiFID II Research Budgets: The Client Frontier

  21 January 2017

  Under MiFID II, asset managers need to begin the process of delivering MiFID II client research budgets in 2H 2017. Given the importance of this exercise, and the rapidly shrinking timeframe, asset managers need to be devising research budget policies and related client communication strategies now, as this has become a competitive issue that will soon outweigh the regulatory considerations.

• CFI.co announces Frost Consulting as winner of the award: Best Financial Regulatory Risk Management Advisory United Kingdom 2016

  18 October 2016

  The CFI.co judges have conferred on Frost Consulting their Best Financial Regulatory Risk Management Advisory United Kingdom 2016 Award.

• MiFID II Research Valuation & Budgets – The End of the Beginning?

  05 October 2016

  Recent FCA guidance on the implementation of MiFID II is the ‘starting gun’ for global research process transformation. The asset manager’s research budgeting process, and the way in which it is communicated to asset owners, will become a major competitive battleground for asset managers. Here’s what asset managers will have to consider when constructing strategy-level research budgets.

• Frost Commentary on FCA MiFID II Guidance (cp 16-29) – Research

  30 September 2016

  Strategy Level Research Budgets – Firms must document why they have grouped portfolios together to create the strategy budgets.Asset owners must be informed of the quantum of their research budget in advance of the research services being purchased/delivered. Click the headline for more.

• FrostRB Partners with Investars for MiFID II Research Solutions

  06 September 2016

  FrostRB, the multi-asset class Research Valuation/Budgeting platform, has announced a technical integration with Investors “Insight” research payment/CSA solutions.

• Investment Association Approach to Research Under MiFID II

  29 August 2016

  The IA recently published this guidance piece of research under MiFID II available below. Included in this post are a summary and commentary on the document by Frost Consulting.

• Brexit and MiFID II

  24 June 2016

  The UK’s decision to leave the European Union will likely have long-term impacts on the UK regulatory environment.

• The role of asset owners in the market for investment research: Where are the fiduciary capitalists?

  19 April 2016

  Fiduciary capitalists, such as leading pension plans and endowments, can be influential in aligning the interests of asset management firms with their clients. The authors make recommendations to guide asset managers and asset owners through a complex information market during this time of dramatic change.