From $1,600 to $1 Million: Research Costs Under MiFID II
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How much does investment research cost? Anything from $1,600 to $1 million per client on average.
That’s the range of annual payments institutional investors doled out to providers, according to a new survey by U.S. consulting firm Integrity Research Associates LLC. The study sheds light on the black box that is research pricing, after 2018’s European regulations known as MiFID II forced investors to unbundle such payments from trading fees.