FactSet Research Systems provides computer-based financial data and in-depth analysis for financial professionals, encompassing investment managers, hedge funds, and investment bankers. It unifies data across global markets, public and private companies, as well as equity and fixed-income portfolios.
Founded in 1978 by Howard Wille and Charles Snyder, FactSet is headquartered in Connecticut, with numerous offices throughout the United States and worldwide. The company collaborates with over 130 partners leveraging its extensive information database.
Key Highlights
- FactSet Research System is a premier financial data and software enterprise catering to Wall Street professionals and individual investors.
- Data Consolidation: FactSet integrates data from myriad financial information resources into a single access point, available online for seamless usage.
- Comprehensive Tools: FactSet offers market analytics, financial content, stock screening, customized datasets, and more.
How FactSet Empowers Financial Professionals
FactSet’s mission is to elevate the performance of investment professionals globally by delivering analytical insights derived from raw financial data. They achieve this goal by providing tools that help convert raw data into actionable information, aiding in financial analysis and reporting.
FactSet stands out by providing services at competitive prices due to its use of multiple data sources, fostering pricing competition among suppliers.
📈 317: This is the number of independent data providers FactSet grants access to its users.
FactSet features an all-inclusive, customizable computer system designed to meet the specific needs of investment managers, hedge funds, investment bankers, and other related fields. Their offerings include products for market analytics, financial content, financial screening, and customized data analytics.
As of 2023, FactSet serves over 200,000 users in more than 8,000 organizations worldwide. The company boasts 37 offices in 20 countries and reports a client retention rate of 95% over 43 consecutive years of revenue growth. FactSet’s prominent competitors include Morningstar, S&P Global, and Bloomberg.
Dynamic Company Structure
FactSet is divided into three business units: the United States, Europe, and Asia-Pacific. The U.S. unit provides solutions to domestic financial professionals and institutions, whereas the European and Asia-Pacific units cater to professionals in their respective regions.
Since October 2019, the company has been led by CEO Philip Snow, who began his tenure at FactSet in 1996 and succeeded through various roles both domestically and internationally. Snow holds a degree in chemistry from the University of California, Berkeley, and a master’s degree in international management from the Thunderbird School of Global Management at Arizona State University.
FactSet has established strong corporate governance systems, with independent directors serving on audit board committees to ensure financial and corporate compliance. Additionally, the company maintains an employee hotline for reporting ethical or accounting concerns.
Related Terms: investment managers, hedge funds, financial institutions, corporate governance.
References
- Crunchbase. “FactSet: Summary”.
- FactSet. “Contact FactSet”.
- FactSet. “FactSet Partners”.
- FactSet. “Open: FactSet Marketplace”.
- FactSet. “FactSet Locations”.
- FactSet. “Why Choose FactSet?”
- FactSet. “Our Leadership”. Select Philip Snow: Learn More.
- FactSet Investor Relations. “Board of Directors”.
- FactSet Investor Relations. “Committee Composition”.
- FactSet Investor Relations. “2021 Sustainability Report”. Page 51.
