About New Constructs
Unconflicted & Comprehensive Fundamental Research
New Constructs is an independent research technology firm that provides unrivaled insights into the fundamentals and valuation of private & public businesses. Combining human expertise with machine learning and NLP, the firm shines light into the dark corners (e.g. footnotes) of millions of financial filings and provides superior investment research. The firm's Robo-Analyst technology is the first-ever vertically integrated investment research platform: performing data collection, financial modeling and assigning investment ratings to over 10,000 securities - automatically. This new technology is research automation at its best according to:
- Harvard Business School & MIT Sloan prove our fundamental data is superior.
- Ernst & Young proves the superiority of our financial analytics over Capital IQ & Bloomberg.
- Indiana Kelly School of Business proves our stock ratings outperform human analysts.
If these prestigious institutions trust us so much that they decided to publish official papers to prove the superiority of our research, then you can safely trust us, too.
New Constructs' clients include investors of all types from quant funds like GSAM who subscribe to proprietary data feeds to PMs, advisors and individuals who subscribe through our website.
Partnerships with TD Ameritrade, E*TRADE, Refinitiv/Thomson Reuters, Interactive Brokers, Ernst & Young and more enable us to deliver our investment ratings & research on over 10,000 stocks, ETFs and mutual funds to millions of self-directed investors, financial advisors and corporate executives.
Learn how we created a new paradigm for fundamental data and research.
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.