Love it or loath it, MiFID II has certainly brought greater transparency to the cost of investing and brought the question of what is or isn't value for money into sharp focus, writes Nick Eatock, who sets out the case for technology to play a part providing value to clients
Of course, advisers have been clear about their charges for at least eight years, since RDR came into force in 2012. Thanks to MiFID II, platforms and asset managers now have to adhere to the same standards making it easier for investors to find out the cost of the different services that go into creating and implementing their financial plans. Platform costs and charges statements in particular have brought value for money into the spotlight. In theory, seeing total costs and individual figures for the advice charge, platform fee, asset management fee and the cost of a discretionary fun...
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