T. Rowe Price to absorb research costs post-MiFID II

Joins Vanguard, JPMAM, Hermes in shouldering costs

T. Rowe Price has become the latest asset manager to confirm it 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, but T. Rowe Price will bypass client charges entirely when acquiring external research. Vanguard latest firm...