“Michael Stepanovich, CEO of ONEaccess, a New York-based research valuation provider, said using quantitative and qualitative data to measure broker relationships “is complex, ongoing, and on many fronts. It’s uncharted territory. The good thing about MiFID II is, you can’t argue with transparency. The more information that’s out there lets managers double down on their research costs and value. For managers, part of the broker relationship has been qualitative. (Valuing research) also brings quantitative analysis to inform their vote process for broker selection and give it extra rigor, becoming best practice for managers.”
ONEaccess is a unit of Visible Alpha, a research platform created by Bank of America Corp., CitigroupInc., Jefferies & Co., Morgan Stanley (MS) and UBS. The involvement of such sell-side investment bank giants points to how they want to stay ahead as research distribution evolves through fintech, sources said.”
Read the full article published on April 17, 2017 in Pensions & Investments.