Investment banks are planning to charge fund managers up to $5,000 an hour for analyst meetings as the industry prepares for the unbundling of research fees ahead of Mifid II.
The fees would come on top of fixed fees for annual access to reports, the Financial Times reports.
Some banks are planning to release teaser reports, but will require fund managers to pay to meet with analysts for the most important conclusions.
Early estimates on annual access range from $10,000 to $1m depending on the reputation of analysts and the the profile of clients.
Mifid II comes into force from the start of 2018.