Fidelity Adjusts its Fees for MiFID II

Fidelity International announced it would be introducing a management fee model that will allow for variable fees to be assessed for its active equity offering. Its Annual Management Charges and performance fees will be reduced; Fidelity will still charge its client a partial fee for broker research. Fidelity further stated that it wanted to maintain … Continue reading →Fidelity Adjusts its Fees for MiFID II

Trading costs rise post-Brexit vote

Research recently compiled by ITG (an electronic broker) has discovered that the average cost of a securities transaction has increased six basis points, after the Brexit referendum vote. Investment firms which are already facing budgetary pressures from increased compliance spending, as well as rising market volatility, will now have to absorb the increasing trading costs … Continue reading →Trading costs rise post-Brexit vote

Operations centers in UK ready for Brexit

With Brexit looming on the horizon, financial service companies in the United Kingdom are setting their sights on other cities to move parts of the operations to, in order to maintain certain operations functions within the European Union. Once Brexit is complete, financial service firms, notably banks, will not be able to offer many of … Continue reading →Operations centers in UK ready for Brexit