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FactSet

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What is FactSet?

FactSet provides financial data and analytics to several investment professionals worldwide, allowing them rapid access to the information they need to make critical investment decisions. Factset has 48 offices in 22 countries and is based in the United States. More than 4,700 businesses use its services, with at least 130,000 users worldwide by 2020. The annual client retention percentage for the company is roughly 95%.

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Summary
  • Factset Research Systems is a company that supplies investing professionals with analytical softwares and financial data.
  • Business advice, data consolidation, market analytics, portfolio data management, and client assistance and learning are among the financial services provided by the firm.
  • Founded in 1978, FactSet is Headquartered in Norwalk, United States.

Frequently Asked Questions (FAQs)

In which geographical locations does the company operate?

Headquartered in Norwalk, United States, the offices of FactSet are located in 24 countries across six continents. The company has 60 offices worldwide- in North America, South America, Europe, Middle East, Asia Pacific, Africa.

What do we know about the corporate history of the company?

Founded in 1978, FactSet went public in 1996. The founders were Charles Snyder and Howard Wille; It is listed on the New York Stock Exchange (NYSE) and the NASDAQ stock market under the symbol FDS.  Since its founding, FactSet has acquired Insyte, Lionshares, Call Street, Stream VPN, Street Account, Deal Maven, Vermilion, among many others.

What does the company do?

Factset is a premier financial solution provider all over the globe. The applications provided by FactSet are power by cognitive capabilities and robust technology. FactSet Research Systems Inc. supplies the global investment community with integrated financial information and analytical solutions. It compiles information and analytics about companies and securities from key markets worldwide into a single online platform.

The company combines various databases with advanced analytics to enable buy- and sell-side professionals throughout the investment process, from initial research to published outcomes. Portfolio managers, research and performance analysts, risk managers, marketers, sell-side stock research professionals, investment bankers, and fixed income specialists are among these specialists. Users can access company analysis, multi-company comparisons, industry analysis, company screening, portfolio analysis, predictive risk measurements, alpha-testing, portfolio optimisation and simulation, real-time news and quotes, and tools to value and analyse fixed income securities and portfolios through its applications.

FactSet is focusing its investments in the field of cloud computing, data lakes, Application Programming Interface (API.) They are using these analytics platforms to provide better business intelligence for a smooth client experience. In addition, there is a focus on content delivery to the clients so that they can easily find and go through various organised and useful content by means of various delivery channels. The data is provided using multiple technologies and formats that are useful for the clients.

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At FactSet, research is conducted to analyse and for the generation of new ideas and for research. The management of public and private companies can be analysed, and new opportunities can be discovered using the methodologies. In addition to the Global market reviews and there is also a facility to collaborate and share information across teams.

The analytics and trading team of the company takes care of portfolio analysis and risk management. It is also used to measure the performance of the client. The team is also involved in client reporting, portfolio construction, and executing trade and order management. The company also enables wealth professionals across the spectrum to manage wealth better. They guide clients on how to grow and protect their assets based on portfolio analytics products.

What is the company’s mission?

Factset attempts to bring together financial data from a variety of sources onto a single platform. The organisation also provides analytical information to help investment professionals improve their investing performance using the acquired data. The financial data consolidation can then be utilised to assist enterprises with financial analysis and reporting. Factset, for example, provides a computer system that can be customised to meet better an organisation's financial demands and analytical applications for data analysis and financial content.

What are the features FactSet provide?

The company is an industry leader in acquiring, integrating, and managing financial data and allows clients access to more than 30 datasets and 850 independent data providers. Clients can track global markets, study public and private firms, and receive industry-level knowledge with FactSet's comprehensive reports, which contain financials, estimates, debt, ownership information, and more. In addition, the company's extensive range of research tools allows its clients to track individual firms, coverage lists, and industry performance in real-time, in addition to data.

FactSet's comprehensive analytics and trading solutions provide data consistency as well as strong, flexible, and open solutions for evaluating and acting on portfolio across asset classes and strategies. With FactSet's adaptable technology, clients can streamline analysis, drive efficiency and performance, and lower total cost of ownership across the investment lifecycle, from primary stock selection and research through order management, modelling, competitor research, and reporting.

In addition, FactSet's tools for Microsoft Office enable its clients to connect charts and tables in Word, Excel, PowerPoint, and Outlook to FactSet's data to save time, enforce brand standards, and boost transparency when creating custom financial models and presentations.

To alter how its clients discover, assess, and act on opportunity, FactSet's open and flexible technology provides a comprehensive data marketplace, a configurable mobile and desktop platform, digital portals, APIs, and more. As a result, FactSet helps its clients to boost efficiency and performance across business domains by providing access to a massive amount of relevant data, superior analytics tools, and open, flexible technology.

Companies also work with FactSet to address their workflow issues and develop solutions that will help their team expand their horizons and work more efficiently. The company works with its clients from data organisation to vendor management, understands the challenges, and designs solutions and services to make the clients' business operations more efficient.