Survey: Buy Side Trends Toward Unbundling Research

A survey of 234 asset managers reveals that only 13 percent intend to continue paying for research from all top nine investment banks under Mifid II.

Financial research

The survey, conducted by research aggregator firm RSRCHXchange, shows that asset managers from both Europe and the US are pulling away from the nine top banks, as 72 percent answered that they expect to pay for a full research offering from fewer than five big banks. Of these, 24.5 percent said that they are not willing to pay any of them.

The dominant market share of the global investment banks is likely to come under pressure with 67 percent of respondents expecting these banks to constitute l