Defaqto Engage bolsters capability with MiFID II enhancement

Breakdown of MiFID II costs

Sophie King
clock • 1 min read

Defaqto has extended the capability of its end-to-end financial planning software by adding a MiFID II functionality in a bid to help advisers meet regulatory requirements.

The fintech firm said the Markets in Financial Instruments Directive II (MiFID II) portfolio cost analysis to Defaqto Engage includes a complete breakdown of costs. As well as a full MIFID II compliance cost breakdown based on the value of the client's investment, users will be able to see one-off costs, ongoing costs, transaction costs and incidental costs. Defaqto chief technology officer Paul Dagley-Morris said: "Compliance and regulatory change will continue to be a challenge in financial advice, as such we review and update our software solutions regularly. "This latest update...

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