FE launches MiFID II-friendly charges tool for advisers

The FE Analytics+ Ex Ante Costs and Charges Calculator allows 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 advanc...