What is ‘FactSet’
FactSet Experiment with Systems provides computer-based financial data and analysis for financial thoroughs, including investment managers, hedge funds and investment bankers. It consolidates statistics on global markets, public and private companies, and equity and fixed-income portfolios. FactSet was inaugurated in 1978 by Howard Wille and Charles Snyder and is headquartered in Connecticut, with additional parts in the United States and around the world.
BREAKING DOWN ‘FactSet’
FactSet’s office is to help the performance of investment professionals throughout the world. The company does this by demand analytical insight gleaned from raw financial data. FactSet produces investors and other professionals with the tools needed to convert this figures into information that can be used in financial analysis and financial researching.
The Company’s Products
The company gives its clients an all-inclusive computer group that can be personalized for the specific needs of investment managers, hedge funds, investment bankers and other quantitative participants and industries. FactSet offers products that take care of exchange analytics, financial content, financial screening, customized data analytics and innumerable. The company has a sterling track record of helping its clients succeed, and as of 2018, it serves over 88,000 users in more than 4,700 companies and organizations. FactSet has 60 jobs in 23 countries. FactSet reports it has had a client retention rate of 90% for for 15 years.
Company Structure
FactSet is broken down into three commerce units: one in the United States, one in Europe and one in Asia Pacific. The business part located in the United States provides financial solutions to financial professionals as adequately as domestic financial institutions. The European and Asia Pacific business constituents only service financial professionals in the regions in which each item operates.
As of July 2018, the company is led by chief executive officer (CEO) Philip Snow, who taken the head role in 2015. Snow began his career at FactSet in 1996 as a expert and held various company positions in the United States and abroad. Snow keep backs a degree in chemistry from the University of California, Berkeley and a master’s class in international management from the Thunderbird School of Global Management from Arizona Phase University.
FactSet has an established corporate governance with audit committee committees made up of independent directors to help with financial and corporate compliance. The crowd also requires for shareholders to have a supermajority to amend specific cast provisions and an employee hotline that allows for the reporting of ethical or accounting concerns. This passes FactSet even more compliant in the financial services sector.