Company Description: Initially founded in 2000, Integrity Research Associates, LLC offers leading edge research, insightful analysis, objective ratings, and customized consulting to help meet the business needs of senior executives at investment banks and brokerage firms, portfolio managers at buy-side institutions, and hedge fund managers. A few of the company's primary services includes:
- Syndicated Research and Ratings
- Customized Research Selection and Monitoring Services
- Related Research Industry Analysis and Publications
Personal Evaluation: My understanding of the service is that it has two components that might be of use to the Research Department. The first service offered by Integrity Research is there Research Evaluation Database (RED). The Database provides a quick analysis of over 400 Research Providers in the form of a single page report on each research provider that presents a snapshot of the company based on a limited number of key indicators like number of clients, headcount, key management, research methodology, coverage universe, sector coverage, headquarters and offices, contact information, and website URL. The database also offers ratings for the research providers in several categories that will help analysts evaluate whether they should subscribe to their research. Another intriguing part of the database are the Converage Universe Reports. These reports will showcase research providers who excel in certain coverage areas and would allow our analysts to focus in on the research providers that might best serve their research needs based on a Theme or Industry that they are focusing on. This product would be ideal for firms involved in Global Equities to evaluate research providers outside of the US that have a better knowledge of the themes, industries, and companies that will be able to provide a more unique insight than traditional research on the street.
Another part of the service is a consulting component. Integrity Research works with the consumers of the research to develop a program to find the best Research Providers for a firm based on that firm's investment style, analytical approach, and portfolio makeup. Essentially they will take a look at your firm and than search a larger database with more companies than the one's listed in the RED to find the Research Providers that fit the way you perform research and evaluate stocks to be put in your portfolio.
Pricing: An annual subscription to Inegrity Research is $36,000 which includes the use of the database and 50 hours of analysts' time to conduct ResearchSelects. They could essentially be used as a resource for all of your portfolio managers as they looked for unique, value-added sources of ideas and information. They also do "one-off" ResearchSelect for a particular analyst or portfolio team for $10,000 which includes a thorough analysis of one sector or investment controversy. The Coverage Universe Reports are generic reports available to all subscribers of Integrity Research which covers the best Research Providers in a particular broad industry (ex. Small Cap Research providers) and are $5,000 a piece for non-subscribers. The difference between the two is the level of customization involved in building the reports.
All costs can be soft-dollared and the subcription is for four seats. This would allow multiple sector groups to utilize the resource with one person responsible in identifying the research providers that will best suit their groups research needs.
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