Investit Wins European Advisor Of The Year For Third Year Running

London - 28 November2014

Specialist investment management consultancy Investit is delighted to announce it has been named European Advisor of the Year for the third year in a row at the Funds Europe Awards.

Investit won the award this year specifically for its work on the use of investors’ equity dealing commission to buy research and execution services.  While the issue was first tackled by regulators in the UK it is being picked up across Europe in MiFID ll.

The awards recognise those who have shown “a strong commitment to the European funds industry, and have contributed significantly and demonstrably to the successful performance of its clients”.

Investit developed a methodology which allows investment managers to put a value on the research they receive from brokers.  This in turn allows firms to create research budgets, establish a commission policy, governance structure and set of procedures. Investit’s approach enables firms to clearly demonstrate why they buy what they buy, why they pay what they pay and to demonstrate to clients and regulators that unnecessary costs have been avoided.

This builds on the Commission Analysis Survey which benchmarks commission spend and governance, giving firms transparency of market use of client money.

Richard Phillipson, leading the Commission Governance work at Investit said: “We are enormously proud to have won this prestigious award for a third year running. Our job is to help firms run better businesses. This award recognises the way we have helped firms show their regulators and clients that they spend equity commission on research as carefully as they would if they were spending their own money.” 

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