Unigestion To Absorb MiFID II Research Costs

Aug 24 2017 | 9:39pm ET

Boutique asset manager Unigestion has opted to pay investment research costs on behalf of its clients once the EU’s MiFID II regulations come into effect this January, joining an increasing number of buyside companies preferring to absorb the new fees instead of passing them on to clients. 

MiFID II requires investment managers to pay hard dollars for research and corporate access services provided by broker-dealers and third-party providers instead of bundling them with commissions. The new regulations offer three alternatives for how firms can account for the payment of these new costs, including paying for them from their own P&Ls – the option chosen by Unigestion and such firms as Vanguard, T. Rowe Price and JP Morgan Asset Management.  

The decision will ensure the clear and transparent costs and charges delivery of Unigestion’s products across all asset classes, the company said in a statement, and will mean management fees will remain unchanged at the firm.

Founded 45 years ago, Geneva-based Unigestion manages approximately $23.9 billion across equity, hedge fund, private asset and cross-asset solutions for institutional and high net worth investors, including equities, alternatives, private equity and multi-asset strategies.

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