CFRA

CFRA sells independent investment research, data and analytics. Its wealth business sells to RIAs, private banks, wealth management firms, individual advisors and both full-service and online broker-dealers, and it also sells to hedge funds, asset managers, pensions and family offices.

Research covers fundamental equity analysis, with qualitative coverage of more than 1,650 companies and quantitative coverage of more than 13,000, along with holdings-based ratings that span over 16,000 mutual funds and over 3,900 ETFs. Other lines include forensic accounting research on reporting quality, public policy and legal research, and technical research under the Lowry name. CFRA also keeps an ETF holdings and classification database with daily pricing and flows. Advisors use MarketScope Advisor for stock, ETF and fund screening, watchlists and alerts, and can draw on 15 stock and ETF model portfolios plus 5 ESG models.

Firms can embed CFRA content in their own systems through Research-as-a-Service (RaaS) APIs or use hosted web platforms. The company says many firms use its research to support Reg BI and MiFID requirements. CFRA began in 1994 as the Center for Financial Research and Analysis. Chief executive Peter de Boer acquired the firm in 2013, and the company says it has no asset management or investment banking arm. A two-week free trial is offered.