Nomura and Wolfe Research Announce Strategic Alliance

The transcript discusses Wolf Research's strategic alliance with Nomura, highlighting the benefits of market expansion and content control. It explores the competitive landscape of equity research, emphasizing the importance of unique, differentiated research. The impact of COVID-19 on business operations and cost management is addressed, with a focus on virtual conferences and hiring opportunities. Finally, the role of independent research in the market is examined, noting the challenges and opportunities for profitability and sector focus.

What factors contribute to the pricing power of differentiated research?

How does the speaker describe the current state of competition among equity research houses?

What strategies does Wolf Research employ to maintain its position in the market?