Bank of America’s ‘Ultra High’ Research Under New EU Rules
- Bank’s basic research will cost as little as $4,000 a user
- Firm will also offer an ‘ultra high service’ for fixed income
Views of the Bank of America on the corner of 38th St. and 7th Ave in New York, U.S., on Tuesday, Sept. 3, 2013.
Photographer: Ron Antonelli/BloombergThis article is for subscribers only.
Bank of America Corp. plans to charge asset managers as much as $80,000 a user per year for its research division’s full package of services when a European ban on free analysis for clients is imposed, according to a pricing document seen by Bloomberg News.
The premium package includes speaking directly to analysts, attending conferences and meeting senior executives of major companies and policy makers, according to the offer sent to clients on Tuesday. Clients opting for the premium offer will pay from $15,000 to $80,000 depending on how much they tap those services.