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Unbundling Uncovered USA

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Metropolitan Club

1 East 60th Street

New York, NY 10022

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The investment research industry has undergone a revolution in Europe. Many changes have been good for efficiency of the market but asset managers there are also pointing to a series of negative consequences for the end investor as well as their businesses. How can the US market benefit from the positive trends while ensuring it avoids the pitfalls?

According to Integrity Research Associates’ recent study, 38% of asset managers not subject to MiFID II plan to use CSAs/CCAs as the primary research payment vehicle, while 19% plan to pay for research out of their P&L’s or use a research charge alongside executions. The recent no-action relief letter from the SEC now allows US brokers to take cash payements for research from European providers until mid-2020. CSA usage in America is accelerating, with an ITG survey stating that 82% of North American firms plan to fully unbundle all of their brokers globally.

The changes in research procurement in North America are already happening, what’s unclear is where we are headed.

300 buy and sellside delegates joined us in London in November 2017 for a day of high quality debate and analysis. We now move to New York to focus on best practices for the buy and sellside – and what the American end investor should make of it all. How will US-based asset managers be funding research in the near future? If they adopt a transparent and controlled approach to research procurement will they avoid the European shift to paying for research out of their own resources?

Join us on the 12th June at the Metropolitan Club to hear industry leaders from the US and Europe discuss the direction and pace of change for the US investment research industry. Panels will cover the CIO perspective, the changes in provider business models, best practice in managing CSAs/CCAs, the outlook for FICC research, and technology and platform solutions.

Attendance for confirmed buyside delegates is complimentary if booked by March 15th – early booking discounts also apply for all delegates.

Speakers will include:

Sandy Bragg, CEO, Integrity Research Associates

Jon Foster, Co-Founder, Smartkarma

Amrish Ganatra, CEO, Commcise

Stuart Howard, Head of Investment Management Operations, Invesco Perpetual

Oliver Pratley, Operations Manager, Invesco Perpetual

Henry Price, CCO, Red Deer*

Vicky Sanders, Co-Founder, RSRCHX

Indy Sarker, CEO, ANALEC

Adam Wreglesworth, Wholesale Conduct Policy, FCA*

*tbc

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Date and Time

Location

Metropolitan Club

1 East 60th Street

New York, NY 10022

View Map

Refund Policy

No Refunds

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