Acquisition FAQs

Who is CFRA?
CFRA was founded in 1994 and is the leading provider of independent forensic accounting, legal research, analytics, and advisory services.

Who uses CFRA’s research?
Our research is highly sought-after by leading global institutional investment managers, insurance companies, regulators, and professional services firms.  The firm’s proven methodology and results create value by highlighting areas of risk and identifying alpha-generating opportunities.

Why are you acquiring S&P Global Market Intelligence’s Equity and Fund Research businesses?
We’re deeply committed to the future of the independent investment research industry.  Specifically, we believe that fundamental equity and funds research, complemented by in-depth forensic accounting analysis, can significantly benefit all market participants.

Are you going to invest in the S&P Global Market Intelligence’s Equity and Fund Research businesses?
Yes.  This is the just the first step of our investment in the combined business.  The world’s largest wealth managers have come to rely on S&P Global Market Intelligence’s Equity and Fund Research as a trusted source of independent analysis, and we anticipate growing the business further by adding unique CFRA content, enhancing research coverage and working with clients to address their needs.

When will the transaction close?
Fourth quarter of 2016.