MiFID-II

In response to the European MiFID II Directive, William Blair Investment Management plans to absorb external research costs for clients globally, not just those subject to MiFID II’s research rules. We plan to implement the same treatment for all of our clients as soon as we are able to pay hard dollars for external research across our investment strategies.

Our Objectives

  • Treat all our clients fairly, regardless of location;
  • Ensure ongoing access to high-quality external research to deliver strong investment outcomes; and
  • Enhance transparency with clients, as we continue to serve as a trusted, valued partner.

Read William Blair’s client letter

What is MiFID II?

  • MiFID II legislation went into effect in Europe on January 3, 2018.
  • It is designed to offer greater protection for investors and inject more transparency into all asset classes.
  • The legislation introduces new rules on trading inducements, remuneration for research, best execution, market transparency, and the regulation of algorithmic trading.

Read the CFA Institute’s analysis on investment research costs