Third Bridge Report Shows Significant Inconsistencies in the Pricing of Investor Research

Third Bridge Report Shows Significant Inconsistencies in the Pricing of Investor Research

We recently surveyed and interviewed 30 respondents from buy-side asset management firms, to gather information on how investment banks and boutique sell-side firms are pricing their research.


The survey highlights the inherent problems with how investor research is priced, a topic that is being hotly discussed ahead of the introduction of the MiFID II rules, which are due to come into effect in January 2018.

Testimonies direct from asset managers reflect the confusion around the true cost of research in the current system, which is fuelled by inconsistencies in the way that research is priced. The report’s findings indicate that larger funds are paying upwards of $2m per annum for bundled coverage, while smaller funds are being quoted less than $50k for the same product, and research provided by US investment banks has a range of pricing that often reaches unrealistic levels.

Click here to view the full report.