MiFID II is due by January 2018 and, among a thousand other regulations, it calls for a swift communication of investment costs to the customers. Some operators are more used to a rather opaque communication of costs, as a way to reap some hidden revenue.
We stand for the complete and precise application of the standard regulation and, because of this, we’re already working on a way for advisors and banks to get an immediate and crystal clear view of investment costs.
Our Sure will soon have a special, dedicated cost calculator, to give operators and financial institutions the best information, the maximum flexibility and everything needed to better serve and satisfy the customer. Compliant to law requirements.
Will other products do that? We hope so, in the interest of the whole wealth management world. Anyway, we are hard at work to be first – and best-of-breed – with our products and MiFID II compliance.