Investment research and investment advice: real differences?
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Abstract
The article examines the investment research - a service introduced by MIFID - in order to describe the major application problems. In particular, the paper will an- alyse similarities and differences between investment research and investment advice, highlighting the potential problems in practice, and outlining possible solutions from an operational point of view.
Keywords
- Investment research
- investment advice
- MIFID directive
- investment services and activities
- ancillary services. JEL classification: K20
- K22
