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 to stop charging clients for research In a statement on Monday, T. Rowe Price group CIO and co-head of global equity Rob Sharps confirmed the firm will not be charging clients for "supplemental third-party research" acquired alongside its own proprietary research. "T. Rowe Price has more than 500 investment professionals globally, including more than 250 investment analysts, and is w...
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