Sandy Bragg

Founded in 2000 by Michael Mayhew, Integrity Research Associates LLC is a research firm headquartered in New York City. The firm offers research, analysis, rating services and consulting services to investment banks, brokerage firms, buy-side institutions and hedge fund managers. Integrity Research Associates designed the Internet-based Research Evaluation Database, which provides users with an up-to-date picture of the independent equity research business. Their services include industry overview, integrity quick facts reports and integrity comprehensive company profiles. The firm also offers a compliance service that provides due diligence on the compliance policies and practices of investment research firms. Integrity Research Associates analysts cover almost 4,000 investment research firms in the US, Europe and Asia. The firm tracks the entire research industry including non-traditional research firms, boutiques and research-related data, software and analytics. They cover primary research firms, as well as other alternative research firms.

Standard & Poor's Investment Advisory Services LLC (SPIAS) is investment research firm and registered investment advisor headquartered in New York City. The firm is a wholly-owned subsidiary of S&P Global, Inc. (NYSE: SPGI), formerly McGraw Hill Financial, Inc. SPIAS’ advisory services are generally offered to institutions (e.g., broker-dealers, investment advisers, investment companies and other financial institutions). SPIAS does not generally provide its advisory services directly to retail clients, but its services may be used by its clients in advising their own underlying clients, which may include retail clients. SPIAS also provides advisory consulting services to institutional clients and investment managers-of-investment funds, and investment sub-advisory services for registered investment companies, including open-end mutual funds and other institutions. S&P Global's operations consist of three reportable segments: S&P Global Ratings, S&P Global Platts, and S&P Dow Jones Indices. S&P Global Ratings is an independent provider of credit ratings, research and analytics to investors, issuers and market participants. It includes the NRSRO and certain other ratings-related businesses. S&P Global Platts provides essential price data, analytics, and industry insight that enable commodities markets to perform with greater transparency and efficiency. S&P Dow Jones Indices is a global index provider that maintains a wide variety of indices to meet an array of investor needs. In 2016, CFRA acquired S&P Global Market Intelligence’s Equity and Fund Research business (formerly known as S&P Capital IQ and SNL) from S&P Global, Inc.