No doubts! research will definitely be paid by a vast majority through AM P&L. Man Group is the latest large house to have reverse its previous position.  They will finally absorb the cost of research within their P&L. How long will it take for Amundi and few others to change of position?

Read the very interesting FT article on the subject

https://www.ft.com/content/e94f6f16-b002-11e7-aab9-abaa44b1e130