MIFID II - 10% Portfolio Drop Reporting
In 2018, European Legislation was introduced which means any clients who hold investments that are managed by a discretionary fund manager (DFM) need to be informed when the value of their investment portfolio’s drop by more than 10% in any one quarter.
This does not include investment bonds or pensions at this time, but only relates to general investment accounts and ISA portfolio’s.
The aim is to keep you informed and provide you with the opportunity to have a conversation about what has happened. If you have any concerns or would like to chat to your adviser, please call us or alternatively arrange a telephone call or video call on this link.
Some of you may have already received an email or letter to inform you that the value of your investments have reduced by more than 10% in the last week. This is down to significant volatility and market movements brought about by Coronavirus. Please see the blog from one of our DFMs - Square Mile for further information about why the markets have reacted in this way.
Some of you may not have received an email or letter. This doesn’t necessarily mean your portfolio’s haven’t reduced by more than 10%, but could mean that the investments you hold are not reportable at this time or you do not hold investments managed by one of our preferred DFMs.
Again, if you would like to understand your position or have any questions or concerns at the moment, please call us on 01404 515544 to arrange a telephone or video call or alternatively book your own time in using this link.
