FrostRB Partners with Investars for MiFID II Research Solutions
FrostRB Partners with Investars for MiFID II Research Solutions London – September 6, 2016
FrostRB (www.frostrb.com), the multi-asset class Research Valuation/Budgeting platform has announced a technical integration with Investars (www.investars.com) “Insight” research payment/CSA solutions.
The companies will co-operate to provide asset managers with an integrated research valuation/budgeting - commission management solution that can operate at various levels of aggregation down to the fund level.
The granularity of approach is designed to meet the MiFID II requirement that asset managers will have to inform their clients of its specific portion of the manager’s research budget in advance.
“Given that asset owners are not uniformly invested across the product suite of their asset managers, the ability to value research and track both budgets and payments at the fund level creates MiFID II compliant transparency for both parties. Investars’ fund level capabilities and robust reporting system, match well with the FrostRB platform”, said Neil Scarth of Frost Consulting.
“The multi-asset class nature of the combined solution addresses a significant MiFID II challenge for asset managers as all asset classes are covered by the research budgeting rules”, said Kei Kianpoor of Investars.
Both companies remain capable of integrating third-party vendors based upon the configuration of asset manager solutions.