North America (Primarily US-Based)

• 13D Research: Focuses on global macro and thematic research.
• 22V Research: Process-oriented macro and sector research.
• Accountability Research Corp.: Transparent equity research (Canada-based).
• Alembic Global Advisors: Specializes in chemicals.
• Argus Research: Objective equity research and portfolio strategy.
• Baptista Research: Sponsored equity research for small-cap and micro-cap firms.
• BCA Research: Global macro research for economic and market trends.
• Bernstein Research: Actionable deep research across global sectors (joint venture but operates independently).
• Bianco Research: Macro and quantitative research.
• Buckingham Research Group: Equity research across sectors (historical independent).
• Capital Alpha Partners: Policy and regulatory research.
• CFRA Research: Unbiased fundamental, forensic accounting, and ETF research covering 1,600+ companies.
• Cleveland Research Company (CRC): Channel-driven research in consumer, industrial, fintech, and healthcare.
• Cornerstone Macro: Macroeconomic and policy research.
• Empirical Research: Quantitative and fundamental analysis (historical independent).
• Fermium Research: Chemicals sector focus.
• Fox Advisors: Sector-specific equity research.
• Fulcrum Research: Macro and thematic insights (historical independent).
• Gabelli & Co.: Value-oriented equity research.
• Gordon Haskett: Consumer and retail research.
• Green Street Advisors: REITs and real estate.
• Hedgeye Risk Management: Actionable macro and thematic research.
• Huber Research: TMT (technology, media, telecom) focus.
• Kalinoswki Equity Research: Restaurant industry.
• Langenberg & Company: Industrials and materials.
• LightShed Partners: TMT focus.
• Longbow Research: Industrials, consumer, and technology with proprietary surveys.
• Melius Research: Industrials.
• MoffettNathanson: Technology, media, and telecom; ranked #1 in independent research by Institutional Investor.
• Morningstar, Inc.: Stock, mutual fund, and ETF research for retail/institutional investors.
• Ned Davis Research: Macro and technical research for portfolio management.
• New Constructs: Investment ratings for 3,000 stocks and 7,000 funds using data analytics.
• New Street Research: TMT focus.
• New Vernon Research: Equity research (historical independent).
• Northcoast Research: Consumer and industrial sectors.
• Off Wall Street: Short ideas and contrarian research.
• Portales Partners: Financials and macro (historical independent).
• Renaissance Macro Research: Macro and policy.
• Sidoti & Company: Small and micro-cap US companies.
• Sitodi: Small-cap focus.
• Strategas Research Partners: Macro, policy, and technical analysis (affiliated with Baird but operates independently).
• Summit Insights Group: Technology.
• Telsey Advisory: Retail and consumer.
• The Zephirin Group: Financial services.
• TIS Group: Small and mid-cap equity.
• ValueLine: Retail investor-focused research on stocks and industries.
• Vertical Research Partners: Basic materials and industrials.
• Webber Research & Advisory: Shipping and energy.
• Wolfe Research: Covers 800+ companies across 100+ industries; ranked #6 in Extel All-America Research Poll.
• Zelman & Associates: Homebuilding and housing.
• Zacks Investment Research: Stock and fund analysis with sector expertise.

Europe

• Absolute Strategy Research: Macro and asset allocation.
• Agency Partners: Equity research and strategy.
• AIR Control Tower: Aviation and travel sector.
• Aitken Advisors LLP: Thematic and sector research.
• AlphaValue: European equities coverage.
• Amsterdam Capital Management: Fixed income and equities.
• The Analyst Research LLP: Independent analysis.
• Arete Research: Technology and telecom.
• Atlantic Equities: US and European equities.
• BBSP Research: Sector-specific.
• BETA Group: Quantitative research.
• Blue Heron Research Partners: Qualitative insights.
• Camdor Global Advisors: Global macro.
• Carraighill: Financials and credit.
• Copley Fund Research: Fund analysis.
• Costigan Reports Inc.: Sector reports.
• Creative Portfolios Limited: Portfolio strategy.
• Credit Rubric: Credit research.
• CreditSights: Fixed income and credit.
• Denny Ellison: Equity and macro.
• Ekins Guinness LLP: UK and European equities.
• Entext Economics & Strategy: Economic strategy.
• Financiële Diensten Amsterdam: Financial services.
• FuturesTechs: Technical analysis.
• Galliano’s Latin Notes Ltd: Latin America focus.
• Harlyn Research: Asset allocation.
• ID MidCaps: Mid-cap European companies.
• The IDEA!: Thematic research.
• Independent Minds: Independent equity.
• Independent Strategy: Global macro.
• Insight Investment Research: Investment strategy.
• iRes Independent Financial Research & Advisory: Financial advisory research.
• Its Not A Science AG: Quantitative and AI-driven.
• Kepler Cheuvreux: Covers 2,800+ stocks with ESG integration; largest European independent provider.
• Libra Investment Services: Investment services research.
• Longview Economics: Macroeconomic.
• Lucror Analytics: Emerging markets credit.
• Macro Thoughts: Macro insights.
• Management Joint Trust: Trust and fund research.
• Manalo Advisors: Advisory research.
• Medley Global Advisors: Policy and macro.
• Messels: Equity research.
• MRB – The Macro Research Board: Global macro.
• Nippon Investment Bespoke Research UK: Japan-focused.
• On Field Investment Research LLP: Global building materials.
• The Organisation for Industry and Economic Research: Industry research.
• Orlock Advisors: Advisory and research.
• Providentia Analytics: Analytics-driven.
• Radios: Media and tech.
• Redburn: Global markets equity.
• Saltmarsh Economics: Economic research.
• Sarria – Credit Opportunities: Credit opportunities.
• Seven Days Ahead: Short-term market analysis.
• Smart Insider: Insider trading analysis.
• Spread Research: Credit spreads.
• Stockcube: Stock analysis.
• TAC INDEX Limited: Index and data research.
• TS Lombard: Global economics and politics.
• WaveTrack International: Technical analysis.
• Willis Welby LLP: Equity and strategy.