News & Insights

For decades, the economics of investment research have rested on a fragile but functional architecture: (1) Attribution, (2) Entitlement, and (3) Feedback. Research is produced by the sell side, distributed through controlled channels, and consumed by the buy side. Critically, the producer has always retained some visibility into who consumed it, how it travelled, and…

There is a structural break happening in the consumption of investment research. For decades, the model was stable. Research was produced, distributed, and consumed in formats that preserved its economic and intellectual integrity. A report was read, a model was reviewed, a call was held. Attribution was clear, entitlements were enforced, and – critically –…

Amid a year when banking trust is under the microscope, President Trump’s latest allegations of “debanking” by the nation’s largest banks demand more than another round of public relations management. Setting politics aside, the heat turned on banks like JPMorgan Chase and Bank of America is symptomatic of a broader existential dilemma: Who controls the…

Markets are excellent at pricing known risks. What they’re slower to price is structural risk that quietly accumulates until it crystallizes. We’ve entered that phase with data. For decades, research and insight in capital markets lived in static formats: PDFs, portals, lists. That was manageable when humans were the primary consumers. But when AI systems…

Institutional adoption of AI isn’t controversial anymore, it’s expected. Boards, regulators, and control functions now ask the same question: Is your system defensible? The deeper issue isn’t just governance on paper. It’s how governance intersects with operational resilience. Most governance frameworks we see today were built for statistical models: bounded risk, clear parameters, predictable outputs…

As we move into 2026, most large capital markets institutions have moved beyond AI pilots. AI systems are now embedded in daily workflows—supporting research discovery, summarizing complex materials, assisting client interactions, and informing decisions during periods of market volatility. Across global banks, these systems are no longer peripheral tools. They are production systems that employees…

AI is now present across every stage of the research lifecycle, from idea discovery to analysis, synthesis, and communication. At the same time, boards, regulators, and clients increasingly view AI not as an experiment, but as a material operational consideration that requires real oversight. This places research organizations in a practical position. They are expected…

The Infrastructure Challenge Facing Consolidated Wealth Platforms The wealth management industry is in the midst of a consolidation wave that is often described in financial terms—assets under management, deal multiples, private-equity sponsorship. What receives far less attention is the operational strain this consolidation creates beneath the surface, particularly around how investment insight is created, governed,…

There is a quiet shift underway in how financial insight is consumed. Firms invest heavily in research, data, and technology, yet many leaders describe a sense that influence is dispersing—that the work produced does not always land where or how it should. Clients have access to more information than ever, but the signals that matter…

Capital markets have entered a new phase in the way research is created, governed, and consumed. What once appeared to be a series of incremental process upgrades has become something more structural: a competition to build intelligence systems that are fast, reliable, and defensible. Edge no longer comes from access alone. Increasingly, it comes from…