MiFID II to spur overhaul of adviser business models - research

The wealth manager's survey of 94 intermediaries last month found just over half (52%) saying the additional regulatory and compliance demands resulting from the introduction of the second Markets in Financial Instruments Directive or 'MiFID II' were likely to encourage firms to review their business models in a bid to become more efficient. The survey also indicated more than two-fifths (42%) of advisers expect to review their fee structures to provide greater transparency, while 38% believe MiFID II will encourage advisers to de-risk their business by reviewing their level of professio...