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...
To aid regulatory reporting
Has run Cautious Managed fund since 2011
Expected in next few weeks