Learn more

New Constructs is a new kind of investment research firm. We want to empower clients to make smarter decisions. This goal is not empty rhetoric. We have proof and lots of it. Our clients enjoy superior research that produces superior results.

Many firms claim their research is superior, but none of them can prove it like we do. In fact,  the evidence that traditional research is flawed and unreliable keeps growing and growing. We believe no one else can match the quality of the research.

Let us prove it to you.

Ask us anything ("AMA") in one of our live webinars.

Test drive at one of our Model Portfolios for as little as $9.99.

Get A Free Subscription

We want you to know how much work we do. And, we will reward anyone who can replicate our research for just two calculations on any company in the S&P 500.

We’ll give you a free subscription to our research if you can reproduce our value for Invested Capital [as defined here in the Dentsply Sirona example] and Core Earnings [as defined here in the Novartis (NVS) example] for the last two fiscal years. Please submit your research to us at our Society of Intelligent Investors in the General Discussion space. We will review your work asap. If your show you've done the work to get close to the right answer, we’ll give you a free subscription subject to all the same Disclaimers etc. as all of our other research. This offer does not apply to current clients. 🙂

Not Ready for the Pro Subscription?

We're rolling out a new "starter" level subscription so clients can get to know us better before stepping up to our Pro or Institutional memberships. Fill out the form below for more info.

We’ll email you as soon as the new subscription is ready.

privacy We value your privacy and would never spam you

The Goal of New Constructs

No one ever said investing was supposed to be easy. Well, no one with any real understanding of the stock market would say that. We’re here to give you the best chance of making informed decisions based on the truth about the profitability and valuation of companies.

Financial statements are supposed to tell the story about how the company performed. But in reality, they do not.

As one of the top investment research firms in the U.S., we know that you need comprehensive information you can understand. Our goal is to help you make smart investment decisions by digging deeper into the numbers.

We publish unique investment research and offer a suite of portfolio management tools so you can build, manage and grow your assets. Together, we can improve your odds of success as we set the new standard for Investment Research.

We are the only Investment Research provider with a United States Patent for a system and method to reverse accounting distortion and analyze financial information to automatically determine the true profitability of a company, making us one of the top investment research firms in the nation.

Why You Need a New Kind of Investment Research

We all want to find the best stock research website, but what exactly does that mean? To us, it’s finding the information others often overlook.

Companies are required to disclose the potential impact of adopting new accounting regulations. Unfortunately, the disclosures are filled with legal jargon that may be difficult to find and impossible to translate.

This important information is often buried (legally) in the footnotes.

Finding and then understanding accounting disclosures gives you the ability to recognize early warning signs that can prevent poor decisions. Free or “boiler plate” investment research makes little effort to search and interpret the footnotes of items that may change your view of the company.

With the top investment research, we can help you find the information that may have otherwise gone unnoticed.  We are an independent research firm which means our loyalty is to you, the investor. Together we can raise your odds of success with the new standard of investment research.

About CEO David Trainer

David Trainer is a Wall Street veteran and corporate finance expert. He specializes in reversing accounting distortions on the underlying economics of business performance and stock valuation. He was a member of FASB’s Investor Advisory Committee from 2013-2017 and is author of Modern Tools for Valuation (Wiley Finance 2010).

Prior to founding New Constructs in 2002, Mr. Trainer spent over 6 years as a stock analyst on Wall Street. In 1996, he joined Credit Suisse First Boston where he created an economic (as opposed to accounting)-based earnings model and brand for CSFB equity research. He spearheaded the effort to apply consistent economic earnings analysis (a.k.a. ‘EVA’) across all industries globally. In 1997, Mr. Trainer developed and managed the Value Dynamics Framework project, a separate business for CSFB across three continents.

In 1999, Mr. Trainer transitioned these skills into equity research coverage of the financial services sector for CSFB where he applied value-based analysis to consumer finance, asset management and broker-dealer firms and developed a proprietary framework that linked customer satisfaction to the valuation of credit card companies.

In November of 2000, Mr. Trainer joined Epoch Partners (acquired by Goldman Sachs in July 2001) where he covered the Customer Relationship Management Software industry. There, he developed a proprietary framework that quantified the ROI of Customer Relationship Management Software products. Prior to Wall Street, Mr. Trainer was an executive compensation consultant with Arthur Andersen. In 1994, Mr. Trainer earned his B.S. in International Business from Trinity University in San Antonio, TX.

Every investor deserves access to diligence on fundamentals.

Get Access Now!