Barclays 'Gold' Equity Research Post-MiFID May Cost $455,000
- Bank to offer tiered packages, cheapest starting at $39,000
- European Union ban on free reports forces industry overhaul
This article is for subscribers only.
Barclays Plc’s clients may have to pay as much as 350,000 pounds ($455,000) to get the top service package from its equities analysts once free research is banned in Europe, the first price for stocks coverage to emerge from a major bank.
The firm is proposing three levels of service -- bronze, silver and gold -- with the premium package comprising unlimited reports, field trips and “occasional” one-on-one meetings with analysts and corporate executives, according to a pricing document seen by Bloomberg News. At the bottom end of the scale, read-only access to European research will start at 30,000 pounds.