Independent research analysis, aggregation and delivery system and method
An independent research aggregation, analysis and delivery system and method are provided for enabling automated aggregation, analysis and delivery of, independent research relating to a plurality of securities provided by a plurality of independent research providers under the direction of a financial investment firm representative.
1 . A system for enabling access to, analysis of and automated delivery of independent research relating to a plurality of securities provided by a plurality of independent research providers, the system comprising:
a front-end including at least one graphical user interface that is configured to receive instructions from a Client representative, the instructions including at least one data point to be used when selecting at least one independent research provider to deliver independent research on at least one security to the Client via the system; and
a controller configured to automatically select the at least one independent research provider based on the at least one data point and control automated delivery of such independent research in a Client-specific report to the Client in response to the system receiving such independent research from the selected independent research provider.
2 . The system of claim 1 , wherein the Client representative is an independent consultant hired by the Client in accordance with the Global Research Analyst Settlement announced on Apr. 28, 2003 by the Securities and Exchange Commission of the U.S. Government.
3 . The system of claim 2 , the controller is configured to control automated delivery of independent research generated by at least one independent research provider selected by the Client representative to the Client in response to the system receiving such independent research from the selected independent research provider.
4 . The system of claim 1 , wherein the Client representative is personnel of the Client.
5 . The system of claim 1 , wherein the Client representative is a director of research for the Client.
6 . The system of claim 1 , wherein the Client is a securities brokerage firm or investment firm.
7 . The system of claim 1 , wherein the controller is also configured to control automated delivery of such independent research in a Client-specific report to the Client's Customers in response to the system receiving such independent research from the selected independent research provider.
8 . The system of claim 1 , wherein the controller is configured to select the at least one independent research provider based on a plurality of data points received from the Client representative.
9 . The system of claim 1 , wherein the controller is configured to select at least one independent research provider for each security included in a Client's coverage universe based on the at least one data point.
10 . The system of claim 1 , wherein the controller is configured to automatically select a new independent research provider based on the at least one data point when data associated with that at least one data point indicates that the Client representative would prefer selection of a new independent research provider, and, wherein the instructions from the Client representative include at least one preference indicating when the Client representative would prefer selection of a new independent research provider.
11 . The system of claim 10 , wherein the at least one preference includes an instruction to automatically select an independent research provider that, based on analysis performed by the controller using the at least one data point, is ranked as best at predicting a future value of the security from among a number of independent research providers included in a Client-specific independent research provider pool.
12 . The system of claim 10 , wherein the at least one preference includes an instruction to automatically select an independent research provider that, based on analysis performed by the controller using the at least one data point, is ranked as best at predicting a future value of the security from among a number of independent research providers included in a Client-specific independent research provider pool when initiating coverage for that security.
13 . The system of claim 10 , wherein the at least one preference includes an instruction to, when a previously selected independent research provider drops coverage for a security, automatically select an independent research provider that, based on analysis performed by the controller using the at least one data point, is ranked as best from among a number of independent research providers that are both included in a Client-specific independent research provider pool and currently covering that security.
14 . The system of claim 1 , further comprising at least one database including independent research generated by a plurality of independent research providers, such research being associated with the identity of the independent research providers who generated that research.
15 . The system of claim 14 , wherein the at least one database including independent research includes a consensus indicator indicating a consensus of independent research providers' research and analysis on each security for which there is research stored in the at least one database.
16 . The system of claim 15 , wherein the Client-specific report includes the consensus indicator.
17 . The system of claim 17 , wherein the controller is further configured to store results of a comparison of historical performances of a plurality of independent research providers that submit independent research to the system.
18 . The system of claim 1 , wherein the Client representative has access to all independent research relating to securities included in the Client's coverage universe generated by all independent research providers submitting independent research to the system.
19 . The system of claim 18 , wherein personnel of the Client other than the Client representative have access only to independent research relating to securities included in the Client's coverage universe and generated by independent research providers that are both included in a pool of independent research providers selected by the Client representative and whose research is selected by the Client representative.
20 . The system of claim 1 , wherein the front-end includes a plurality of graphical user interfaces including an “coverage universe” screen configured to display information associated with all of the securities included in the Client's coverage universe, each security entry including an indication of at least one independent research provider whose research is automatically delivered to the Client under the direction of the controller.
21 . The system of claim 1 , wherein the front-end includes a plurality of graphical user interfaces including a “security” screen configured to display information associated with a particular security including a graphical depiction of historical recommendations of the independent research provider selected by the controller and a list of all or some subset of all of the independent research providers currently transmitting independent research on the security to the system, the “security” screen also being configured to allow a user to change a ranking of the independent research providers listed on the screen to trigger an override of the automatic selection of the independent research provider for the security.
22 . The system of claim 1 , wherein the front-end includes a graphical user interface including an “override notes” window configured to facilitate recordation of information relevant to a user overriding automated selection of an independent research provider for a particular security.
23 . The system of claim 1 , wherein the front-end includes a graphical user interface including a “security research history” screen configured to display information indicating events that have occurred historically in relationship to the generation of independent research for a particular security and selection of one or more independent research providers.
24 . The system of claim 1 , wherein the front-end includes a graphical user interface including an “independent research provider list” screen configured to display a list of all of the independent research providers included in the Client's independent research provider pool or all of the independent research providers generating independent research on securities included in the Client's coverage universe as well as performance and coverage data on each independent research provider.
25 . The system of claim 1 , wherein the front-end includes a graphical user interface including an “IRP portfolio” screen configured to display a graphical depiction of a particular independent research provider's portfolio historical prediction accuracy and a listing of entries, each pertaining to a security included in the independent research provider's portfolio of securities on which the IRP generates independent research, wherein each entry includes a security name as well as corresponding research ranking and rating data.
26 . The system of claim 1 , wherein the front-end includes a graphical user interface including a “change history” screen configured to display a list of entries, each being associated with a change in the selection of the independent research provider whose research is automatically delivered to the Client via the system.
27 . The system of claim 1 , wherein the front-end includes a graphical user interface including a “search” screen configured to generate, execute and save searches for a user.
28 . The system of claim 1 , wherein the front-end includes a graphical user interface including a “preferences” screen configured to allow a user to customize various options and automated actions with regard to selection of an independent research provider by the controller based on certain specified events.
29 . The system of claim 1 , wherein the at least one data point is selected from the group consisting of: an independent research provider name, average recommendation issued by the independent research provider, adjusted performance, methodology index, coverage percentage, recommendation length, number of recommendation changes, industry, batting average, industry performance, overall matched performance, and duration that a rating has been in place.
30 . The system of claim 30 , wherein the instructions include a relative priority of the at least one data point.
31 . A method for enabling access to, analysis of and automated delivery of independent research relating to a plurality of securities provided by a plurality of independent research providers, the method comprising:
receiving instructions, via a front-end including at least one graphical user interface, from a Client representative, the instructions including at least one data point to be used when selecting at least one independent research provider to deliver independent research on at least one security to the Client;
automatically selecting the at least one independent research provider based on the at least one data point; and
controlling automated delivery of such independent research in a Client-specific report to the Client in response to receiving such independent research from the selected independent research provider.
32 . The method of claim 31 , wherein the Client representative is an independent consultant hired by the Client in accordance with the Global Research Analyst Settlement announced on Apr. 28, 2003 by the Securities and Exchange Commission of the U.S. Government.
33 . The method of claim 31 , wherein the Client representative is personnel of the Client.
34 . The method of claim 31 , wherein the Client representative is a director of research for the Client.
35 . The method of claim 31 , wherein the Client is a securities brokerage firm or investment firm.
36 . The method of claim 31 , further comprising controlling automated delivery of such independent research in a Client-specific report to the Client's Customers in response to receiving such independent research from the selected independent research provider.
37 . The method of claim 31 , further comprising automatically selecting a new independent research provider based on the at least one data point when data associated with that at least one data point indicates that the Client representative would prefer selection of a new independent research provider, and, wherein the instructions from the Client representative include at least one preference indicating when the Client representative would prefer selection of a new independent research provider.
38 . The method of claim 31 , wherein the at least one data point is selected from the group consisting of: an independent research provider name, average recommendation issued by the independent research provider, adjusted performance, methodology index, coverage percentage, recommendation length, number of recommendation changes, industry, batting average, industry performance, overall matched performance, and duration that a rating has been in place.