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 firm to stop charging clients for research In a statement released on Friday, the $1.9trn AUM manager said: "JPMAM already commits substantial resources to our internal research capabilities and we have not made any changes to our internal research teams as a result of this policy change. "We also utilise external analyst research where we believe it can add value to client portf...
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