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October 4, 2021

CFRA expands research offerings with Washington Analysis acquisition

By Verdict Staff

Investment research firm CFRA has acquired independent institutional research firm Washington Analysis to strengthen its suite of independent research and data offerings.

CFRA made the new purchase from Ontario Teachers’ Pension Plan Board and Alberta Investment Management Corporation. Financial terms of the deal have not been shared.

Founded in 1973, Washington DC-headquartered Washington Analysis ‘identifies the non-consensus view’ combining policy and financial analysis.

In addition to subscription research services, the firm offers due diligence services and access to policy events and calls.

With the acquisition, CFRA clients can now leverage Washington Analysis’ research expertise in identifying risks and opportunities across asset-classes emerging from US courts, congress, and regulators, at the state and federal levels.

CFRA CEO Peter Boer said: “Public policy decisions impact our global clients and Washington Analysis helps to separate headline risk from fundamental changes to educate and empower investors in reaching their investment objectives with unique and high-valued added insights.”

Under the agreement, Washington Analysis CEO Ryan Schoen will continue to lead he company under CFRA.

Commenting on the deal, Schoen said: “I am thrilled to be joining CFRA, the leading independent investment research firm, and contributing to our future success.

“It is an exciting opportunity for Washington Analysis’ clients and employees as we look to leverage CFRA’s global resources to further expand and innovate upon our offerings.”

Founded in 1994, CFRA’s client base of over 2,400 includes wealth advisors, corporations, academic institutions, governments, as well as institutional and individual investors.

In 2019, the firm acquired ETF data and analytics firm First Bridge Data, strengthening its ETF research suite.

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