Products & Services : Global Equity Research
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Global Equity Research
Independent International Investment Research was selected by seven of Wall Street’s major broker-dealers to provide global equity research to their clients during the Global Research Analyst Settlement, which began in 2004. The firm combines a unique pedigree in foreign currency analysis with bottom-up fundamental research, to provide clients with insight into global investment opportunities – but expressed in the client’s own currency after consideration of the anticipated currency impact over the investment horizon.
Our credentials to provide you and your clients with world-class research
IIR’s research facilities for brokers and investment banks builds upon the firm’s pedigree of providing research of 400 international coverage to these leading US brokers under the Global Research Analyst Settlement which was implemented in 2004:
- Morgan Stanley
- Barclays Capital
- Credit Suisse
- Deutsche Bank
- UBS
- Bear Stearns
- Merrill Lynch
The company is headquartered in London. The principal research facilities are located in Mumbai, India’s financial capital, in order to leverage its high calibre of research professionals and to deliver the most cost-effective research solutions to our clients.
The Group has no research conflicts –– we are not brokers, investment bankers or asset managers, Our clients have the additional comfort that we are regulated and authorised by the Financial Services Authority and registered with the SEC. Our research is available by subscription only or via commission sharing agreements. We do not conduct any company-sponsored research without the participation of the relevant stock exchange or regulator.
Illustrative costs
For sell-side firms, IIR can become a complete, outsourced research department solution, white-labelled under your own brand. Costs will depend on factors including:
- Number of companies you wish us to follow
- Their geographical locations
- Depth and scope of the reports
- Frequency and nature of updates
- Whether an earnings model is required (generally leading to a buy/sell/hold recommendation)
- Whether an analyst interview with management is required and if so, by phone or in person
- Whether your (institutional) customers are to be given access to the analysts
The following real examples will help you to benchmark your particular needs:
Our client required coverage of 400 European companies, across all sectors, with detailed narrative (approx 20 page initiation report) and 3-4 updates per year. Models and price targets/recommendations to be provided, but no in-person company visits (phone contact only, with management/IR departments). Analyst access provided on a fair use basis.
The total annual cost of £1.2mm corresponded to GBP £3,000 per company followed; or, £20,000 per research professional on the team.
Our client required reports on three sectors. Our task was to identify the 40 most appropriate companies to cover in each sector, and from contact with these companies to select 20 to address in our sector report. Detailed interviews were conducted with managements of these companies, and each company was briefly profiled for the report. Key trends and characteristics of the sector were identified in the overall report, in a narrative of 30-40 pages. Each report was then updated on a quarterly basis.
The total annual cost was GBP £75,000 for the three sectors. The reports were published under the client’s branding.
Please contact us to explore your specific requirements.