Raymond James selects Red Deer for MiFID II
16 January 2018 London
Image: Shutterstock
Raymond James Investment Services has chosen Red Deer’s research valuation management solution to meet the compliance requirements of the second Markets in Financial Instruments Directive (MiFID II).
The solution will enable Raymond James to manage its entitlements, inducement, consumption and voting requirements, while also streamlining its approach to MiFID II compliance.
Red Deer’s research valuation solution provides research consumption through email, chat and voice, giving buy-side firms an accurate view of their research value.
It also allows firms to allocate budgets at the fund, strategy or individual level to ensure budgets are maintained.
Anthony Scott, head of business development at Raymond James, said: “Red Deer offers a user friendly, configurable system that effectively allows the Raymond James branches and directly authorised firms that work with us to tailor their research to their individual investment propositions, whilst also enabling us to measure research consumption, quantitatively as well as qualitatively.”
Henry Price, chief client officer at Red Deer, commented, “Post 3 January, our clients are moving from initial regulatory compliance, to look for better ways to service their investors.”
“This added detail enables more meaningful discussions with providers and within firms, ensuring the development of increasingly insightful and relevant future research offerings, a change which is beneficial to all parties.”
The solution will enable Raymond James to manage its entitlements, inducement, consumption and voting requirements, while also streamlining its approach to MiFID II compliance.
Red Deer’s research valuation solution provides research consumption through email, chat and voice, giving buy-side firms an accurate view of their research value.
It also allows firms to allocate budgets at the fund, strategy or individual level to ensure budgets are maintained.
Anthony Scott, head of business development at Raymond James, said: “Red Deer offers a user friendly, configurable system that effectively allows the Raymond James branches and directly authorised firms that work with us to tailor their research to their individual investment propositions, whilst also enabling us to measure research consumption, quantitatively as well as qualitatively.”
Henry Price, chief client officer at Red Deer, commented, “Post 3 January, our clients are moving from initial regulatory compliance, to look for better ways to service their investors.”
“This added detail enables more meaningful discussions with providers and within firms, ensuring the development of increasingly insightful and relevant future research offerings, a change which is beneficial to all parties.”
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