MiFID II Research Fees – More and More Commit to P&L Route – See the Latest List

Below is a the list of who’s planning on doing what with the research fees. More and more appear to be taking to P&L with the RPA route becoming increasing unpopular with many and some firms switching to P&L having originally committed to the RPA approach. This is not a surprise given the knock on ramifications of taking the RPA approach.

…However a decreasing number of firms have yet to decide or have declined to disclose their approach at this time.

Take to P&L RPA Undecided
Allianz Global Investors Amundi Ashmore
Aviva Investors BNP Parisbas BNY Mellon
Axa Investment Management Carmignac Candriam
Baille Gifford Deka Fidelity Interational
Barlings Man Group GAM
Blackrock Legal & General Investment Management
Brewin Dolphin Lyxor
Charles Stanley Natixis Global Asset Management
Deutche Asset Management Nordea
Evenlode Old Mutual Global Investors
Equitile Pictet
Flossbach von Storch
Franklin Templeton
Hernes
Insight Investment
Invesco
Janus Henderson
JO Hambro
JP Morgan Asset Management
Jupiter
Kempen Capital Management
M&G Investment
MN Investments Partners
Northern Trust Asset Management
Pimco
Rathbones
Robeco
Royal London
Russell Investment
Schroders
Seven Investment
Standard Life Aberdeen
Stwewart Investors
T Rowe Price
Troy Asset Management
Twenty Four Asset Management
Unigestion
Union Investmenet
Vanguard
Woodford Investmenet Management
Data at of 19th September 2017
Source – FT research