Investment advisor on fund price adjustments: Nonsense to attribute to MiFID II
Founding partner of advisory firm Connectum Dr. Nils-Odd Tønnevold reacts dramatically to Norwegian banks adjusting prices, which leads to more expensive index funds. KLP and Sbanken also disagree that a price hike necessary follows from regulatory compliance.
BY MAGNUS EIDEM, MARI ØDEGAARD, FINANSWATCH.NO
Investment consultant Dr. Nils-Odd Tønnevold, co-founder of advisory firm Connectum, says a systemic failure is taking place in the Norwegian financial sector as the business interests of banks dominates the picture and deprioritizes customers' interests.
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