Asian fund houses might need to pay fewer brokers for more sales trading amid smaller commission payments if trading volumes do not rebound.
Tag : commission
And smaller financial advisory firms will see consolidation as a result of the city-state’s move to overhaul its laws on providing investment advice.
A sharp fall in commission payments last year meant institutions had less equity commission from which to allocate costs for sell-side research and services, says Greenwich Associates.
Compulsory registration and licensing will be required for fund advisory and rating providers. But a few innocent bystanders are likely to be affected.