how factset works
factset s mission is to help the performance of investment professionals throughout the world by providing analytical insight gleaned from raw financial data the company seeks to do this by providing investors and other professionals with the tools needed to convert this data into information that can be used in financial analysis and financial reporting factset provides its services for a lower price than some of its competitors because the company uses multiple sources to provide its data which creates pricing competition between suppliers the number of independent data providers factset allows members to access 4the company gives its clients an all inclusive computer system that can be personalized for the specific needs of investment managers hedge funds investment bankers and other quantitative fields and industries factset offers products that take care of market analytics financial content financial screening customized data analytics and more as of 2023 factset services over 200 000 users in more than 8 000 companies and organizations factset has 37 offices in 20 countries the company reports it has had a client retention rate of 95 with 43 years of revenue growth 56factset research system s competitors include morningstar s p global and bloomberg the company structurefactset is broken down into three business units one in the united states one in europe and one in asia pacific the business unit located in the united states provides financial solutions to financial professionals as well as domestic financial institutions the european and asia pacific business units only service financial professionals in the regions in which each unit operates as of october 2019 the company is led by its chief executive officer ceo philip snow who assumed the head role in 2015 snow began his career at factset in 1996 as a consultant and held various company positions in the united states and abroad snow holds a degree in chemistry from the university of california berkeley and a master s degree in international management from the thunderbird school of global management from arizona state university 7factset has an established corporate governance with audit board committees made up of independent directors to help with financial and corporate compliance 89 the company also requires an employee hotline that allows for the reporting of ethical or accounting concerns 10