Hardman & Co has launched free and "MiFID II compliant" independent research for advisers on the Enterprise Investment Scheme marketplace, claiming it is the only company to do so.
The firm said its research constitutes a "financial promotion" but does not contain a recommendation or rating system so recipients do not have to go through so-called ‘know your customer' exercises. The research is free because it is paid for by the provider. Hardman & Co said: "The main aim of MiFID II is to ensure transparency in the relationship between fund managers and brokers/suppliers, and eliminate inducements, in the form of broker research provided for free to fund managers to encourage them to deal with that broker. Hardman & Co is not inducing the reader of research on a pr...
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