Morgan Stanley Plans $2,500-an-Hour Analyst Fees
- Bank said to ask $25,000 for basic research, some analyst time
- Firms still negotiating less than 3 months before MiFID starts
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Morgan Stanley plans to charge about $2,500 an hour for private meetings with its stock analysts, almost twice the rate of many top corporate lawyers, once new European Union financial rules kick in next year. according to people with knowledge of the plan.
The fee is on top of the annual rate Morgan Stanley plans to charge some clients for basic access to its equity research portal once the MiFID II regulations come into force in January, the people said, asking not to be named as the negotiations are private. The bank also quoted a small client $25,000 annually for five users for basic equity research access and five total hours of analyst time, another person said.