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…
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…
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.
18 October 2016
The CFI.co judges have conferred on Frost Consulting their Best Financial Regulatory Risk Management Advisory United Kingdom 2016 Award.
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.
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.
06 September 2016
FrostRB, the multi-asset class Research Valuation/Budgeting platform, has announced a technical integration with Investors “Insight” research payment/CSA solutions.
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.
24 June 2016
The UK’s decision to leave the European Union will likely have long-term impacts on the UK regulatory environment.
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.