Below is a the list of who’s planning on doing what with the research fees. More and more appear to be taking to P&L with the RPA route becoming increasing unpopular with many and some firms switching to P&L having originally committed to the RPA approach. This is not a surprise given the knock on ramifications of taking the RPA approach.
…However a decreasing number of firms have yet to decide or have declined to disclose their approach at this time.
Take to P&L | RPA | Undecided | ||
Allianz Global Investors | Amundi | Ashmore | ||
Aviva Investors | BNP Parisbas | BNY Mellon | ||
Axa Investment Management | Carmignac | Candriam | ||
Baille Gifford | Deka | Fidelity Interational | ||
Barlings | Man Group | GAM | ||
Blackrock | Legal & General Investment Management | |||
Brewin Dolphin | Lyxor | |||
Charles Stanley | Natixis Global Asset Management | |||
Deutche Asset Management | Nordea | |||
Evenlode | Old Mutual Global Investors | |||
Equitile | Pictet | |||
Flossbach von Storch | ||||
Franklin Templeton | ||||
Hernes | ||||
Insight Investment | ||||
Invesco | ||||
Janus Henderson | ||||
JO Hambro | ||||
JP Morgan Asset Management | ||||
Jupiter | ||||
Kempen Capital Management | ||||
M&G Investment | ||||
MN Investments Partners | ||||
Northern Trust Asset Management | ||||
Pimco | ||||
Rathbones | ||||
Robeco | ||||
Royal London | ||||
Russell Investment | ||||
Schroders | ||||
Seven Investment | ||||
Standard Life Aberdeen | ||||
Stwewart Investors | ||||
T Rowe Price | ||||
Troy Asset Management | ||||
Twenty Four Asset Management | ||||
Unigestion | ||||
Union Investmenet | ||||
Vanguard | ||||
Woodford Investmenet Management | ||||
Data at of 19th September 2017 | ||||
Source – FT research |