ResearchPool, a leading has launched a MiFID II solution for investment firms to manage budget, spending, consume and evaluate research, named Tool for Research Usage and Evaluation (“TRUE”).
TRUE is a proprietary solution to enable investment firms to manage and control research spending and usage by investment strategy, portfolio/portfolio manager and provider/analyst.
Compliant with MiFID II obligations, TRUE provides a single point to manage budgets and spending funded by P&L and/or Research Payment Accounts (RPAs), and includes pre-funded accounts for flexibility. Additionally, functionality provides tracking for research spending, usage and ratings purchased through the ResearchPool marketplace, as well as research contracted directly with third party research providers via entitlements. TRUE is accessible in the Cloud.
“TRUE provides a powerful solution that simplifies the complexities of managing research resources in the upcoming unbundled world”, said Pedro Fernandes, co-founder and CEO of ResearchPool. “By improving sourcing, spending and the valuation process for research, investment firms will be better aligned with the interests of their end-clients and raise the overall quality of the research offering efficiently.”