The unbundling of soft commissions speaks volumes about the real worth of sell-side research
If you only have the time to learn one fact about the unbundling of soft commissions, it should be this: it hasn’t taken place yet. The new rules introduced by the UK’s Financial Services Authority (FSA), which came into full force at the end of June, do not signal the death knell of the bundled brokerage fees charged by sell-side firms to the buy side. They simply require fund managers to fully disclose to their clients the split between ‘execution’ and ‘research’
You need to register to access 3 free deep dive articles per month. To continue reading please register or login below..
- Unlimited deep dives
- Data-driven research around key topics
- Buy-side insights
- Benchmarking reports
From
$1495
