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File Photo: What exactly is FactSet?
File Photo: What exactly is FactSet? File Photo: What exactly is FactSet?

What exactly is FactSet?

FactSet Research Systems provides computer-based financial data and analysis services catering to financial professionals, such as investment managers, hedge funds, and investment bankers. The platform compiles information about worldwide markets, both public and private enterprises, and equity and fixed-income investment portfolios.
The main office of FactSet, a business that Howard Wille and Charles Snyder founded in 1978, is in Connecticut. Furthermore, it maintains several other offices, both within the United States and internationally. The Motley Fool is a well-known client who uses the business’s information.

The operational mechanics of FactSet

The primary objective of FactSet is to enhance the effectiveness of investment professionals globally by offering valuable analytical insights derived from unprocessed financial data. The company aims to achieve this objective by providing investors and other professionals with the necessary resources to transform raw data into meaningful information that can be utilized for financial analysis and reporting purposes.
FactSet offers its services at a comparatively lower cost than specific competitors due to its utilization of diverse data sources. This approach fosters a competitive pricing environment among suppliers.
The company provides a comprehensive computer system to its clientele, which can be customized to cater to the unique requirements of professionals in investment management, hedge funds, investment banking, and other quantitative sectors and industries. FactSet provides a comprehensive range of products encompassing market analytics, financial content, financial screening, customized data analytics, and various other offerings.
As of 2019, FactSet caters to a substantial user base of approximately 100,000 individuals across various industries, encompassing over 4,700 distinct companies and organizations. FactSet operates a global network of 60 offices across 23 countries. According to the company’s records, it has consistently maintained a client retention rate of 90% for a period exceeding 15 years.

The organizational framework of a company

FactSet is comprised of three distinct business units, namely the United States, Europe, and Asia-Pacific. The business division, situated in the United States offers financial solutions to both financial professionals and domestic financial institutions. The European and Asia-Pacific business units exclusively cater to financial professionals within their respective operational regions.
As of October 2019, the organization is under the leadership of its chief executive officer (CEO), Philip Snow, who assumed the position in 2015. Snow commenced his professional journey at FactSet in 1996, taking on the consultant role. Throughout his tenure, he occupied several positions, both domestically and internationally. Snow obtained a bachelor’s degree in chemistry from the esteemed University of California, Berkeley. I pursued a master’s in international management from the Thunderbird School of Global Management at Arizona State University.
FactSet has implemented a robust system of corporate governance, which includes the establishment of audit board committees comprising independent directors. These committees play a crucial role in assisting the company in ensuring financial integrity and compliance with corporate regulations. The company mandates that shareholders possess a supermajority to modify specific provisions within the company and implements an employee hotline to facilitate the reporting of ethical or accounting issues.


  • FactSet Research System is a prominent financial data and software enterprise. It offers comprehensive research services to both Wall Street professionals and individual investors.
  • FactSet integrates data from multiple financial information sources into a unified online platform.
  • The system that FactSet offers includes a variety of functionalities. These are market analytics, financial content, stock screening, customized data, and other features.

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