Strategas Research Partners

What Strategas Research Partners does

Strategas Research Partners is a privately held institutional brokerage firm founded in 2006 and headquartered in New York, with a secondary office in Washington, D.C. The firm operates two SEC-registered entities: Strategas Securities, LLC, a FINRA member broker-dealer that distributes institutional macro research and provides institutional sales and trading services, and Strategas Asset Management, LLC, an SEC-registered investment adviser that manages approximately $550 million in assets across macro-thematic discretionary strategies and ETFs including the Global Policy Opportunities ETF and Macro Thematic ETF. Strategas is structured around six core research verticals: Portfolio Strategy, Technical Analysis, Economics, Washington Policy Research, Tax & Accounting Policy, and Equity-Linked Strategies, with its Washington Policy team ranked as one of the top Wall Street policy research teams for 14 consecutive years and the firm ranked the #1 Macro-Only Sell-Side firm in Extel's All-America Research survey for 9 consecutive years.

The firm generates revenue through transaction and distribution fees from its broker-dealer activities and recurring management fees from its investment advisory business, with services priced via subscription-based arrangements to institutional clients (pricing not publicly disclosed). Distribution is anchored by a dedicated institutional sales force covering the US, Europe & Middle East, and Asia, supplemented by annual flagship conferences (Macro Conference, Policy Conference, London Conference, Investment Forum, West Coast Investment Forum), webinars, webcasts, the weekly "What We Know" podcast, and the monthly ETF Field Book. Strategas has been a wholly owned subsidiary of Robert W. Baird & Co. since 2018, retaining independent broker-dealer status while gaining access to Baird's 700+ stock equity research platform, investment banking, private equity, and global institutional sales and trading infrastructure.

The firm's customer base is exclusively institutional — asset managers, hedge funds, pension funds, and other professional investors — with no retail or SMB exposure. Strategas competes in a focused macro-only niche that larger bulge-bracket firms do not specialize in, defending its position through founder-led continuity (the three founders all came from ISI Group in 2006), a deep bench of ranked analysts, and brand equity built over nearly two decades of consistent category-leading rankings.

Name

Strategas Research Partners

Legal name

Strategas Securities, LLC

Website

https://strategasrp.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

51–100 employees

Short description

Strategas Research Partners is a privately held, macro-only institutional brokerage and research firm serving asset managers, hedge funds, and pension funds with proprietary research across portfolio strategy, economics, technical, policy, and ETF verticals, distributing through its broker-dealer and a $550M AUM asset management affiliate under Baird ownership.

Ownership category

akta.pro rank

Product category

Institutional Brokerage & Macro Research

NAICS

Investment Banking and Securities Intermediation (52315), Portfolio Management and Investment Advice (523940)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)

akta.pro primary industry

Strategy & Thematic Research (FSACAGAG)

akta.pro secondary industries

Macro & Rates Research (FSACAGAC), Sector-Specific Industry Research (FSACAGAL)

Keywords

• Institutional research services
• Macro research
• Investment advisory
• Broker-dealer services
• Fixed income research

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Technology or R&D, Operations, Infrastructure, Others

Revenue model

1. Institutional Broker-Dealer Services: Strategas Securities, LLC operates as a FINRA member broker-dealer providing institutional research to clients. The firm generates revenue through transaction fees from securities trading and distribution services.
2. Investment Advisory Services: Strategas Asset Management, LLC provides investment advisory services generating management fees from its $550 million AUM macro-thematic investment management strategies.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

Strategas Research Partners is an institutional brokerage and advisory firm (operating as Strategas Securities, LLC and Strategas Asset Management, LLC) that delivers macro-only research, capital market services, and policy research to institutional investors. Its offerings include daily written research across portfolio strategy, technical analysis, economics, Washington policy, fixed income, ETF research, and equity-linked strategies, supplemented by analyst meetings, conference calls, a bespoke research desk, and an annual events program. The firm also manages $550 million in AUM through SEC-registered investment advisory strategies and ETFs.

Product overview

Strategas Research Partners is a macro-only institutional research broker-dealer that operates as a unified platform combining multiple research verticals—Investment Strategy, Economics, Technical Research, Fixed Income Strategy, ETF Research, and Washington Policy Research—alongside investment advisory services through its affiliated Strategas Asset Management. The firm distributes research through daily written reports, analyst meetings, conference calls, a bespoke research desk, podcasts, and hosted conferences and events. Strategas Asset Management, with $550 million AUM, manages ETFs including the Global Policy Opportunities ETF and Macro Thematic ETF, alongside discretionary strategies such as Blue Chip Opportunities, Dividend Growth, and Earnings Momentum.

Differentiator

Problem solved

Functional benefit

Products and services

• Macro Research Services Institutional macro research distributed through daily written content, analyst meetings, conference calls, and a bespoke research desk for customized projects; covers portfolio strategy, economics, technical research, fixed income strategy, ETF research, Washington policy research, tax and accounting policy, and equity-linked strategies. Designed for institutional investors needing actionable macro and policy insights for portfolio decisions.
• Strategas Asset Management SEC Registered Investment Adviser providing macro-thematic investment management with $550 million AUM, including the Policy Opportunities Portfolio, Global Policy Opportunities ETF, Macro Thematic ETF, Blue Chip Opportunities, Dividend Growth, and Earnings Momentum strategies. Operates as a wholly owned subsidiary under Strategas Asset Management, LLC.
• Institutional Conferences and Events Annual institutional forums including the 19th Annual Macro Conference (NYC), 15th Annual Policy Conference (Washington D.C.), 7th Annual London Conference, 12th Annual Investment Forum (Bermuda), 2nd Annual West Coast Investment Forum, plus regional group dinners, webinars, and webcasts featuring Strategas analysts. Designed for institutional clients to engage with Strategas research and leadership.
• Research Library Publications Comprehensive daily and periodic research publication suite including Investment Strategy Report, Jason's Investment Viewpoint, Daily Macro Brief, Morning Meeting, Sector Research, Asset Allocation, Quarterly Reviews, Market Catechism, Quantitative Research, Economics Report, Economics Viewpoint, Weekend Reader, Sunday Summary, Alternative Data Insights, Country Chart Books, and Fixed Income Strategy publications. Distributed to institutional clients.
• ETF Field Book Monthly ETF research compendium authored by Todd Sohn focusing on industry trends, investor flows, and growth of the ETF ecosystem. Serves as a standalone product within Strategas' ETF research vertical.
• What We Know: Markets, Macro, & Miscellaneous Podcast Weekly podcast hosted by Pat Alwell, Ryan Grabinski, and Todd Sohn covering market shifts, AI impact on markets, leveraged ETFs, capital spending trends, sector opportunities, and portfolio diversification topics. Distributed via Apple Podcasts and Spotify.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Cornerstone Macro: Cornerstone Macro is an independent research firm focused exclusively on macro and policy research for institutional investors, positioning itself similarly to Strategas as a top-tier macro-only franchise.
• Evercore ISI: Evercore ISI is the closest direct peer: a macro-led institutional research and brokerage firm serving institutional investors with portfolio strategy, technical analysis, policy research, and economics, employing many ex-Strategas/ISI talent (e.g., Brandon Kobelt previously led equity derivatives at Evercore ISI).
• BCA Research: BCA Research is a global independent macro research firm providing institutional investors with investment strategy, asset allocation, and macroeconomic analysis — directly comparable to Strategas' macro-focused franchise.
• TS Lombard: TS Lombard is an independent macro research firm offering global macroeconomic and political analysis to institutional investors, directly competing with Strategas' macro research product suite.
• Wolfe Research: Wolfe Research is an independent sell-side research and institutional brokerage firm providing macro and fundamental equity research, trading, and banking services — a comparable mid-sized institutional research franchise competing for similar buy-side wallet.

Emerging players

• Capital Economics: Capital Economics is an independent economic and macro research firm providing forecasts and analysis to institutional clients, directly comparable in macro research scope though lighter on policy and portfolio strategy verticals.

Broad incumbents

• Piper Sandler: Piper Sandler is a larger full-service investment bank with institutional research, sales, trading, and asset management, providing a broader product set than Strategas but competing for the same institutional research and advisory wallet.
• Jefferies: Jefferies is a global investment bank and institutional brokerage with extensive equity research, sales, trading, and asset management, competing directly for institutional research commissions and macro advisory mandates.
• Guggenheim Partners: Guggenheim Securities offers institutional equity research, sales, and trading with a macro/investment strategy desk, overlapping with Strategas on macro research distribution to institutional investors.
• Raymond James: Raymond James is a diversified financial services firm with institutional research, equity sales and trading, and investment banking, offering broader coverage than Strategas but overlapping on macro and policy research distribution to institutions.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/StrategasRP
• YouTubeyoutube.com/%40Strategas
• LinkedInlinkedin.com/company/strategas-research-partners

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Strategas Research Partners