J.P. Morgan Asset Management (JPMAM) will pay for research via its own capital, rather than charging clients separately, when MiFID II comes into force in January 2018.
MiFID II requires the costs of research to be clearly identifiable when charged to a client and JPMAM is the latest large asset manager to announce it would bypass client charges entirely. Vanguard latest...
Five new entrants to the table
First day of trading on 15 December
'Duty of responsibility' guidance
Led by Ash Ray
Replacing Tom Hawkins