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Bellevue Group reveals MiFID II research costs stance

Bellevue Group reveals MiFID II research costs stance

Bellevue Group will absorb the costs of investment research in the run-up to MiFID II, the firm has announced.

The company made this announcement ahead of the implementation of the new regulation at the beginning of 2018, when financial services providers will be required to disclose their research costs and how they are going to cover them.

According to the firm, independent research is crucial to its investment decisions. The research costs absorption applies to all companies, products and services of the Bellevue Group.

Zooming in on Swiss players

Several other Swiss market participants have also decided to cover the research costs ahead of MiFID II.

Vontobel Asset Management announced in October that all the additional costs will amount to low-single-digit millions of Swiss francs a year. 

A similar statement was issued by GAM, but the firm suggested that their costs will amount to mid-single-digit millions of Swiss francs per annum.

The first Swiss group to make the official MiFID II research costs statement was Unigestion, which announced in August that it would pay for all investment research in preparation for the new regulation.

A similar statement was made by Geneva-based group RAM Active Investments and  Zurich-based Fisch Asset Management.

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