What Is FactSet?
FactSet Research Techniques provides computer-based financial wisdom and analysis for financial pros, at the side of investment managers, hedge budget, and investment bankers. It consolidates wisdom on global markets, public and private companies, and equity and fixed-income portfolios.
FactSet used to be as soon as founded in 1978 by the use of Howard Wille and Charles Snyder and is headquartered in Connecticut, with additional offices in the usa and all over the world. The Motley Fool is a vital purchaser who makes use in their wisdom.
Key Takeaways
- FactSet Research Device is a financial wisdom and tool company that provides research for Wall Facet highway pros and individual consumers.
- FactSet combines wisdom from somewhat a couple of financial wisdom assets into one provide, available to consumers online.
- FactSet’s system provides market analytics, financial content material subject matter, stock screening, customized wisdom, and other choices.
How FactSet Works
FactSet’s mission is to help the potency of investment pros all over the field by the use of providing analytical belief gleaned from raw financial wisdom. The company seeks to take a look at this by the use of providing consumers and other pros with the apparatus needed to convert this data into wisdom that can be used in financial analysis and financial reporting.
FactSet provides its products and services and merchandise for a lower price than a couple of of its pageant given that company uses a few belongings to provide its wisdom, which creates pricing competition between suppliers.
850
The number of independent wisdom providers FactSet allows members to get right of entry to.
The company supplies its clients an all-inclusive computer system that can be custom designed for the precise needs of investment managers, hedge budget, investment bankers, and other quantitative fields and industries. FactSet provides products that take care of market analytics, financial content material subject matter, financial screening, customized wisdom analytics, and additional.
As of 2019, FactSet products and services and merchandise near to 100,000 consumers in more than 4,700 companies and organizations. FactSet has 60 offices in 23 countries. The company tales it has had a shopper retention rate of 90% for over 15 years.
FactSet Research Device’s pageant include Morningstar, S&P Global, and Bloomberg.
The Company Development
FactSet is broken down into 3 business gadgets: one in the usa, one in Europe, and one in Asia-Pacific. The business unit positioned in the usa provides financial solutions to financial pros along with house financial institutions. The European and Asia-Pacific business gadgets most simple supplier financial pros inside the spaces wherein each unit operates.
As of October 2019, the company is led by the use of its chief executive officer (CEO), Philip Snow, who assumed the top serve as in 2015. Snow began his career at FactSet in 1996 as a consultant and held various company positions in the usa and in a foreign country. Snow holds some degree in chemistry from the School of California, Berkeley, and a snatch’s level in international regulate from the Thunderbird College of Global Regulate from Arizona State School.
FactSet has an established corporate governance with audit board committees made up of independent directors to help with financial and corporate compliance. The company moreover requires shareholders to have a supermajority to amend explicit company provisions and an employee hotline that allows for the reporting of ethical or accounting concerns.
