Tech firm targets MiFID II costs confusion with new tool

There has been concern about both the clarity and accuracy of information being provided to clients

Mike Sheen
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FinoComp CEO Ray Tubman
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FinoComp CEO Ray Tubman

Wealth management tech services provider FinoComp has launched a new tool to overcome difficulties associated with MiFID II's costs and charges requirements.

MiFID II requires firms to provide clients with an estimation of costs in the form of an 'Ex-Ante' disclosure, as well as an annual statement for the costs and charges over client's portfolio in the form...

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