FE launches MiFID II-friendly charges tool for advisers

'Meaningful client reporting'

FE has launched a tool it has said will offer advisers a "clear" and "transparent" view of all the pre-sale (ex ante) charges they need.

The FE Analytics+ Ex Ante Costs and Charges Calculator pre-populates ex ante investment product charges for all funds in a portfolio, adding up the weighted holdings to provide an aggregate of costs, the firm said. Advisers can include additional charges, such as adviser and platform fees, as well as having the freedom to select different costs, growth and term options. FE chief operating officer Matthew Lawrence said: "Markets in Financial Instruments Directive II [MiFID II] client disclosure requires advisers, investment platforms and discretionary fund managers to tell investors in...