07 August 2017
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Vanguard to absorb research costs
Vanguard has become the latest firm to announce it will stop passing on research costs to clients, ahead of the rule changes which will take place under MiFID II.
The $4.2trn asset manager said under the MiFID II rules, research costs would be paid out of the management fees and therefore absorbed by the firm. Vanguard said in a statement it expects the costs of...
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