Smartkarma, a provider of independent investment research, has launched Premium Services to help with MiFID II compliance.
The company has announced the global launch of Premium Services, a suite of value-added services, allowing asset managers to deepen their engagement with independent research providers.
Smartkarma’s platform-based solution claims to have ‘up-ended’ the traditional research model by providing access to a large network of independent, transparent, analysts and insight providers. With the launch of Premium Services, this now extends into other services beyond content, including analyst calls, corporate access, financial modelling and bespoke research, which the company claims are all accessed in a fully compliant manner.
“Premium Services provides clients with a holistic solution, outside of the traditional bank research model, which has shown significant strain under the MIFID II regulatory rules,” the company said it a statement. “In contrast to the current cumbersome processes to establish interaction with analysts and analyst firms, ensuring compliance is an easy, transparent process with Premium Services. Once compliant, clients can easily work with all Insight Providers across the network, without any fear of inducement, a key requirement for MiFID II.”
Premium Services will give buy side the flexibility to engage with Insight Providers when and how they need, with simple and transparent pricing and a tiered subscription model, priced from $2,000 per month. Clients can access Insight Providers to get more in-depth knowledge on a specific topic, or to sense check a newly formulated trading idea. It also gives investors and portfolio managers the opportunity to request specific financial models or other research that will not be visible to others on the Smartkarma platform.
For Insight Providers, Premium Services enables monetisation of services that complement their written insight available on the Smartkarma platform. Over 400 Insight Providers covering in excess of 2,400 companies across 15 Asia Pacific markets publish regularly to the platform, covering areas that are underrepresented by traditional bank research including IPO/M&A analysis, event-driven special situations, and small and mid-cap company research.
Jon Foster, co-founder of Smartkarma added, “The finance industry is seeing unprecedented change and traditional bank-led models for research coverage and analyst interaction is no longer enough. The market wants more access to independent research that is compliant and actionable. Premium Services delivers this in a new and innovative way, allowing asset managers to dive deeper into the written ideas on Smartkarma and their next investment.”
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
