Tom Hegarty: MiFID II lengthens advice process by two hours per client

Every month we ask our member firms to give us their feedback on a hot industry topic - and, most recently, we focused upon the effects of the second Markets in Financial Instruments Directive (MiFID II), which came into force on 3 January this year.  The legislation is vast and complex and may take a long time to be fully understood and embedded into the industry. MiFID II aims to provide greater protection for investors, raise transparency standards within financial advice, reduce risk of market abuse and make markets more efficient. The greatest impact advisers and asset managers h...