Aberdeen Standard Investments says vastness means it can pay for research
Recently-formed Aberdeen Standard Investments has today announced that it will absorb all research costs from the start of next year when the new Mifid II rules take effect.
The move means the Edinburgh-based asset manager has joined Allianz Global Investors, T. Rowe Price and JO Hambro Capital Management among those who have decided not to pass on the costs to clients.
Aberdeen Standard, formed as a result of the recent mega merger between Aberdeen Asset Management and Standard Life, said: “This follows a comprehensive review that extends the approach taken by Aberdeen Asset Management earlier this year to the newly combined entity. It demonstrates one of the immediate scale benefits from the merger by applying the highest standards towards research for the benefit of all our clients across the globe.”