, Columnists
What's a Star Analyst Really Worth?
Charge 'em Uber style. Surge pricing could be one way to tackle MiFID rules.
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How much is an analyst really worth?
There are less than three months to go before the European Union's revised Markets in Financial Instruments Directive will require banks to disclose what they're charging for research, and the rules are expected to have global ramifications. MiFID II estimates are all over the shop, ranging from $10,000 a year for a basic package at JPMorgan Chase & Co. to $30,000 at Goldman Sachs Group Inc. Want gold star service? Barclays Plc is asking $455,000.