Wealth management tech services provider FinoComp has launched a new tool to overcome difficulties associated with MiFID II's costs and charges requirements.
MiFID II requires firms to provide clients with an estimation of costs in the form of an 'Ex-Ante' disclosure, as well as an annual statement for the costs and charges over client's portfolio in the form of an Ex-Post disclosure. The information provided needs to make clear the effect of overall costs and charges on the return of the investment for a client's portfolio, breaking down fone off charges, ongoing charges, transaction related charges and any incidental costs associated with the investments. Home truths of re-platforming There has been concern about both the clarity and ...
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