Unbundling of research is one of the key issues for financial institutions to manage ahead of implementation in 2018.

Currently the focus of financial institutions is compliance.

However, we focus on the more substantive implications of research unbundling as new data assets emerge which have the potential to objectify the entire investment process.

We explore the wider impact of research unbundling on the buy side and sell side business models as a plethora of new data and explicit costs emerge.